How low do you go when making an offer to a bank on a REO Property? I am looking to flip a property in West Michigan. However, in my opinion, the bank is asking way too much for a property in which they own. They are ...
Hello, I am not a flipper and don't pretend to be. I was wondering though those that do, and have experience with it if there are any formulas you may use? or a rule of thumb on how much money needs to be injected in...
I am new to the site and I am researching the flipping game to see if it's right for me. I would love tips or resources that have helped you with successful flips. Thank you.
Ever since I started learning multiplication, division, fractions, etc. in school growing up I've had many, many problems with math. To the point where I just hated it because my brain could never process it when it s...
Has anyone used this formula before and how does it work?
Have problem with having offers being except with the tradition rehab formula of 65 70 % of ARV.
Any other ideas welcome
Thank you
Hi Everyone,i have a question on what to offer on a house that the comps fluctuate from $100k and up,no two houses are alike,a rich area like the house im thinking of thie asking $223k needs about $50-75k in repairs a...
I just finished the BRRR Book and I'm trying to understand the purchase process. IOT to properly BRRR I would need to buy a house roughly 75% undervalue, correct? For example if I saw a house for sale for 180K I would...
Good day BP community!
We were trying to clarify how to calculate the absorption rate for a market and looking through the forum for some guidance and found this old post by Robert Autorino seven years ago that did n...
Looking to purchase multifamily/apartment complex in Oklahoma and was hoping someone had a formula, etc for this evaluation type?Thank you!
Introduction:
Investing in multi-family apartments can be a lucrative venture, but it requires a thorough understanding of financial metrics such as Net Operating Income (NOI), Purchase Price, and Capitalization Ra...