Updated over 5 years ago on . Most recent reply
Fort Worth, TX Deal Analyzing Help
https://homeland.nwaoftexas.co...
Hey everyone, I'm actively looking at deals right now and I need help analyzing this one right here. I believe it's a good deal for a flip but I wanted to ask the BP community on their thoughts. This would be first investment so I'm really looking for something clean, simple and educational. I would a hard money money for this. What do you guys think?
Rahab Estimate: $25-$35k
Deal Fee: $6k
Other Fees: $1k
1604 Cienegas Cir,
Fort Worth, TX 76112
Most Popular Reply
Hi Mirza! What formula are you using to buy houses at? Consider your purchase price, holding costs, hard money costs, closing costs, DOM, ARV, and then plug how much you want to make on this. Are you using $225,000 as your ARV? Using the 70% rule this would mean your offer would be $122,500 -$132,500 per your rehab budget. However, maybe you are comfortable with making less on this so then you would just have to ask yourself what your risk tolerance.