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HomeForumsDallas Real Estate ForumFlipping in DFW market
Amir Khan's profile image
Amir Khan's profile image
Amir Khan
  • Investor
  • from Coppell, TX
  • Member since Oct 26, 2018
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Amir Khan's profile image
Amir Khan's profile image
Amir Khan
  • Investor
  • from Coppell, TX
  • Member since Oct 26, 2018
Connect
Amir Khan
  • Investor
  • Coppell, TX
106
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193
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Dallas Real Estate Forum

Flipping in DFW market

Amir Khan
  • Investor
  • Coppell, TX
Posted Feb 21 2019, 13:02

This is addressed towards experienced flippers who currently flip in DFW market. We have been trying to find deals that following simple formula: OFFER PRICE= ARV x 07-repair costs. But looks like most wholesalers are bringing deals to market that are well over this number. So my question is:

1. Do you ever buy properties for flipping (rehab/retail sale) at price that is more then the offer price formula above? If so, does that mean you are making less profit?

2. You only buy properties for flipping at price at or below the offer price formula above. If that is the case, do you buy from wholesalers or do you source your own leads?

Thanks.

Dallas, Texas
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