A Bad Deal at 44% ARV...

[Brandon Sturgill]

ARV $140,000

Purchase price $62,000

25% Down $13,050

Entrance Costs (lender fees and such) $2,500

Rehab $35,000

Holding $3,000

Exit $11,200

Mortgage Payoff $46,500

Desired Profit $25,000

Max Offer $1,300...

[Dana Whicker]

Brandon, If Joe's summary is accurate, I would snap that deal up before it's gone.

What does "Max Offer $1300..." mean?  Is that market rent or something else.