My House buying Formula For Fix & Flips

Good Money WEDNESDAY?!?!
Since Monday was my Birthday, my beautiful wife thought it would be a great idea to surprise me with a trip to Las Vegas. Needless to say, I couldn't send out the video training and gamble at the same time. So, I just got back and want to make sure I get your weekly training out ASAP.

This week we're going back to the basics of how to determine the price you should offer a home owner. The asking price(the price the seller wants) has no bearing on reality when it comes to investing. Us investors use numbers and equations to make sure our deals are going to work. So many times, I've seen people stray away from the equations and get hurt every time. So, below you'll see the exact equations I use to determine the MAO(Maximum Allowable Offer)! I offer on every house. Memorize these numbers and your deals will work every time.

MAO= ARV(.65)-Repairs or

MAO=ARV-Profit-Hard Costs-Repairs

Both these equations work but there are two distinct times when I use them...

ps- If you need any assitsance with your deals, just shoot me your questions at [email protected]

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kris haskins