John Boonphitak
Equity in Homes? When to Take Them? How to Use Them?
Hi All,When it comes to Equity in Homes,When is the best time to use them?Can you use them right away if you actually have Equity?I am just gonna put numbers in for an example and would like to know IF these things ar...
Roshen Elevethinkal
question about 50% rule
when i have watched videos about the 50% rule. why does he always include taxes into the expenses part, then he subtracts the mortgage from the other half which includes the taxes again. Or is he calculating the mort...
Dante Williams
Seller financed wholesale deal need advice
Im back at it again! After multiple attempts I think I found my niche. Here is the deal. Owner wants $22k. property needs 80-100k in repairs ARV 140k. The numbers dont work for a cash deal but here is how I negotiated...
Kyle Curtin
Additional income DTI 75% of current rent?
Hi everyone! I read in a book recently that if you are looking at a multi family property with the intention to househack or as a rental, that 75% of the market rents in that property count towards your debt to income...
Juan Najar
wholesaling
i wanted opinions on how others get to their maximum allowable offer (MAO). I get three comps from redfin that are the closest in radius to average out an ARV. I then multiply by .7 and then subtract the repair estima...
Ryan Rogers
2nd Investment property opportunity.
View report*This link comes directly from our calculators, based on information input by the member who posted.Hello BP,Here is a possible one year primary residence fix and rent home. Here are the nu...
David Lee Hall, III
Valuation of Small-MultiFamily
Traditionally my partners and I have used the "typical" % of ARV minus rehab to calculate offer prices. We also sometimes use the model from Flip Your Future (take profit desired and subtract expenses to get max offer...
Andy Tomaswick
70% Rule Question
Hi All,I had a question about the 70% rule. I understand that you're supposed to take 70% of the ARV and subtract out rehab costs. What does that 30% that's taken out cover? I'm assuming it's covering things like c...
Fred Krueger
Issue with appraisal
Just bought our first rental. A "duplex" in MN. The property is actually two separate structures on one lot. A 3BR and a 1 BR. Trouble is the appraiser couldn't find comparable properties because of the uniqueness (no...
Chad J Abel
Calculating an offer price
Good Afternoon. My name is CJ and I'm a newbie investor. I have a question in regards to calculating an offer price. I have heard many times that a standard is 70% of ARV minus repair costs. obviously that percentage ...