I’m a newbie is this worth it

[Darrius Harris]

Looking at a deal 60k but i talk her down more to 50 she may not budge past 55k. Arv 90k but repairs not over 10k. It’s hour half away. I’m desperate 😂 need 1st deal 

[Jonathan Taylor Smith]

Well, I try to avoid doing anything while desperate, but I think one of the formulas (70% Rule) is ARV*70%-Rehab=Offer. So that would be $90,000 * 70% = $63,000 - $10,000 = $53,000 offer price. So if you're sure of the ARV and you're saying rehab is less than $10K and you can get the seller down to $55K - you may be close. But where do you think that ARV is headed? Where does the property sit in the path of progress? I bought a few property in 2017 based upon similar numbers and they are now worth double.