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Updated over 11 years ago on . Most recent reply

Shoor Kalam's profile image
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Shoor Kalam
  • from Frisco, Texas
  • Member since Aug 1, 2013
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Shoor Kalam's profile image
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Shoor Kalam
  • from Frisco, Texas
  • Member since Aug 1, 2013
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Shoor Kalam
  • Frisco, TX
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Rehabbing & House Flipping

Rules of thumb

Shoor Kalam
  • Frisco, TX
Posted

Just curious to know what rules of thumb everyone uses to quickly evaluate properties... I'm aware of the 2% rule regarding rent, the 50% rule regarding monthly expenses, and the 70% rule for pricing. Any rules of thumb for quickly estimating rehab costs or closing/holding expenses? Is there anything I'm not thinking of that I'm missing?

Thanks!

Shoor

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Account Closed's profile image
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Account Closed
  • Accountant
  • from Philadelphia, Pennsylvania
  • Member since Jul 24, 2013
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Account Closed
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  • from Philadelphia, Pennsylvania
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Account Closed
  • Accountant
  • Philadelphia, PA
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Account Closed
  • Accountant
  • Philadelphia, PA
Replied

Hey I'm interested in this too more for creating a screener than for actual analysis. Are there more rules or ratios people use regularly?

I understand they can be deceiving but just curious.

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