Hoping to make my first offer, please help me analyze this!

3 Replies

Jump to latestLatest
  • Member since 2018 · 2k+ posts · 1k+ votes
    5y

    @Nicole Cerrato Better look at your numbers again. ARV of $515 I assume you mean $515000. You will be limited to 75% of ARV. Missing several soft costs. Vacancy and capex(capital expenditures) big ticket items like roofs and floors. Taxes look low for 415k property usually greater than 1%. Management costs look low when you consider rent up fees. Maybe 10-12%.

  • Member since 2021 · 3 posts · 0 votes
    5y

    Thank you so much for you input. This is all new to me so I’m sure I may have made some mistakes. Also 515k was what I meant. Thanks again!

  • Member since 2018 · 2k+ posts · 1k+ votes
    5y

    @Nicole Cerrato use the @ sign and start typing the name you want additional information or thanks, double click on their name. This way they are notified. Have you watched the video on how to use the calculators. You need to use useful numbers or how are you going to know if the property is worth pursuing.

Join the conversationCreate a free account to reply, vote on answers and follow this thread.