Updated over 4 years ago on . Most recent reply
70% flip formula in NJ with current market??
Calling all NJ fix & flip investors!
Are you using the 70% buy formula for calculating your buy price? My target property & market consists of:
- B/C class areas in Northern NJ,
- SFR or condo, under 1500 sq ft, 2 bath max
- no major renovations (foundation, plumbing, additions, electrical)
With the current RE market, (ie: low inventory, scarce contractors, etc) I was hoping to learn if current fix & flip investors out there were using a different % to calculate if he/she would even entertain a lead?
DH