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Updated over 2 years ago on . Most recent reply

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David Mesteth
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The good, the bad, and the ugly

David Mesteth
Posted

Can Someone educate me more on what a good, bad , and ugly deal look like numbers wise? TIA. I want to get the best understanding and I believe this group is the place to get it!

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Nick C.
  • Investor
  • Tampa, FL
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Nick C.
  • Investor
  • Tampa, FL
Replied

Hm. Well a good deal is generally 70% of ARV less repairs.

A bad deal is anything anything you lose money on. 

An ugly deal is something you lose more than money, you lose your will to keep going; maybe you get sued, maybe you buy a house at an auction with a mortgage on it, maybe you skip getting insurance to save money and the place burns down, etc. 

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