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Ray Miller
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maximum allowable offer

Ray Miller
Posted Jul 6 2022, 15:19

I was wondering if the old 70% of ARV minus repairs is still getting deals or do we need to offer more?

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Justin Moy
  • Investor
  • Kansas City, MO
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Justin Moy
  • Investor
  • Kansas City, MO
Replied Jul 6 2022, 15:39

Rules of thumb are so tricky. Do you have a model that you use to project returns? With rising interest rates we're seeing some markets we work in not have the ability to apply our previous rules of thumb. 

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Chris Seveney
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#1 All Forums Contributor
  • Investor
  • Virginia
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Chris Seveney
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Replied Jul 6 2022, 16:45

@Ray Miller

Typically no not at this time but that was a measuring stick and to be used as a guide only

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