Opportunities past the number

[Liam Singh]

Hello everyone, wanted to get some insight on what further things you look at when running the numbers on a flip opportunity. Past your standard ARV, Rehab, Fixed Costs, Desired Profit and Max Purchase price numbers, what questions do you like to answer? Do you like to look by neighborhood, speed of sale, bank estate owned selling speed, average home cost, layouts? I know even these are somewhat standard, but is there anything out of the ordinary that you have found useful?

About me: I'm focusing on sourcing and underwriting fix-and-flip opportunities in the Denver market. My goal is to connect investors with clean, well-analyzed deals that have realistic numbers and solid returns. If an opportunity is good enough a partner and I will take it down ourselves.

[Caleb Brown]

Besides the numbers like ARV, rehab estimate, etc the area plays the biggest part. A deal can have amazing spread but if it's in a war zone buyers are scarce. The same can be said otherwise, if a deal has low margins but in an A class area that will still sell. Investors will look at the street, what the property is by(amenities, developments, schools, etc), school rating, what's available for sale vs sold to gauge the area. They will also look at DOM and see the average. If you are trying to source opportunities focus on the ones where people want to be.