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Real Estate Deal Analysis & Advice

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Robert Miller
  • Real Estate Investor
  • Highland, NY
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Please Help me with this

Robert Miller
  • Real Estate Investor
  • Highland, NY
Posted Feb 7 2010, 05:32

Hi I just want to make sure my numbers are correct on this deal before I put down the EM and sign the contracts.I pulled comps myself(I`m not too confident in my ability to determine ARV on my own yet).ARV is around $270K.Purchase price is $10k.Repairs will cost between $70K-$100K,contractor said it will not exceed $100k.So I`ll be all in for $110k.I figure if I can get a HML I could easily resell for $200k and gross $90k on the deal.I need to make sure my ARV is right though.Could somebody help me out with that?Just let me know what you need.Thanks alot

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