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Rehabbing & House Flipping
HomeForumsRehabbing & House FlippingPhoenix Area Formula
Bob Nesbit's profile image
Bob Nesbit's profile image
Bob Nesbit
  • Real Estate Investor
  • from Queen Creek, Arizona
  • Member since Sep 7, 2014
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Bob Nesbit's profile image
Bob Nesbit's profile image
Bob Nesbit
  • Real Estate Investor
  • from Queen Creek, Arizona
  • Member since Sep 7, 2014
Connect
Bob Nesbit
  • Real Estate Investor
  • Queen Creek, AZ
3
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7
Posts
Rehabbing & House Flipping

Phoenix Area Formula

Bob Nesbit
  • Real Estate Investor
  • Queen Creek, AZ
Posted Sep 17 2014, 07:11

Hello all!

Im new to real estate investing and looking to do rehabs. I have read a few books, and listened to several tapes, DVDs, etc. They all seem to say my purchase price should be 70%ARV minus the repairs. I have had quite a few Wholesalers and Real Estate Agents send me lists but none of the properties even come close to that formula for my purchase price. And the people I have spoken to say this is a "tight" market.

Should I be patient for the right deal? Or am I using the wrong formula in the Phoenix area?

Thanks for any input!

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