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Lucika Suarez
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Intermediate and Seasoned Investors

Lucika Suarez
Posted May 23 2023, 17:33

Other than the ARV and purchase price, what are some other numbers you take into account when evaluating a deal? Do you get this information from a realtor?

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Mike Hern#2 Managing Your Property Contributor
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  • Scottsdale Austin Tuktoyaktuk
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Mike Hern#2 Managing Your Property Contributor
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  • Scottsdale Austin Tuktoyaktuk
Replied May 23 2023, 17:48
Quote from @Lucika Suarez:

Other than the ARV and purchase price, what are some other numbers you take into account when evaluating a deal? Do you get this information from a realtor?


 What kind of deal?

Fix & flip

Buy & hold

Wholesale

New Build

Multi family

STR

Storage units

Mobile homes

Seller Financing

Subject To

Lease Option

Land Contract

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Ray Hage
  • Real Estate Agent
  • Fort Lauderdale, FL
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Ray Hage
  • Real Estate Agent
  • Fort Lauderdale, FL
Replied May 24 2023, 03:24
Quote from @Lucika Suarez:

Other than the ARV and purchase price, what are some other numbers you take into account when evaluating a deal? Do you get this information from a realtor?


 It will really depend on what your game plan is for the property. If it is a long term buy and hold, you will want to consider the purchase price, rehab cost, current construction loan and mortgage rates, and market rent for your property. I am not going to write out for each strategy because this post will turn into a book lol....but my advice find a realtor who is also a local investor (not easy to find!) that can guide you in this process for what your specific plans are. 

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Lucika Suarez
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Lucika Suarez
Replied May 24 2023, 15:42

For a fix and flip and a buy and hold 

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Mike Dymski#5 Investor Psychology Contributor
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Mike Dymski#5 Investor Psychology Contributor
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Replied May 24 2023, 16:19

IRR

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Replied May 24 2023, 16:37

For a Fix and flip my ARV is based on apple-to-apple comps close by. Next figure out recent sales. Are houses selling and what is the average days it takes to sell (DOM). I also take a look at nearby crime stats and schools. Another number to know is the renter to buyer ratio in that neighborhood. For a quick flip or a buy and hold I like to be in a predominately homeowner areas. Lastly, for a buy and hold I look at similar stats and current rents in the area. These are off the top of my head. I hope that helps

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Lucika Suarez
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Lucika Suarez
Replied Jun 1 2023, 15:21
Quote from @William Powell:

For a Fix and flip my ARV is based on apple-to-apple comps close by. Next figure out recent sales. Are houses selling and what is the average days it takes to sell (DOM). I also take a look at nearby crime stats and schools. Another number to know is the renter to buyer ratio in that neighborhood. For a quick flip or a buy and hold I like to be in a predominately homeowner areas. Lastly, for a buy and hold I look at similar stats and current rents in the area. These are off the top of my head. I hope that helps


 Thank you William, I appreciate that. 

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Lucika Suarez
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Lucika Suarez
Replied Jun 5 2023, 09:54
Quote from @Mike Hern:
Quote from @Lucika Suarez:

Other than the ARV and purchase price, what are some other numbers you take into account when evaluating a deal? Do you get this information from a realtor?


 What kind of deal?

Fix & flip

Buy & hold

Wholesale

New Build

Multi family

STR

Storage units

Mobile homes

Seller Financing

Subject To

Lease Option

Land Contract


I'd like to focus in fix and flips and buy and holds (STR and LTR).