All Forum Posts by: Duane Alexander

@Matt Ten sounds like a great deal! How’d you find it?

Do it again and again and again 

Hey Even, when you say you look for 25% profit margin, is that 25% of ARV or purchase price. J Scott says he looks for 15% of ARV. 25% would be a grand slam.

Most people use the 1% rule as a quick analysis for properties to meet before they do a more in depth analysis. The rationale is that if a property meets the 1% rule then it is likely to cash flow positively. Doing a more in depth analysis using something like dealcheck.io or the calculators here on bp will tell you how much that property will cash flow. 

@Nitin Gupta which one was the winner in your case?

Hey Mr. Syrios. This is random but you wrote a really good article a long time ago on bigger pockets about creating a scope of work: https://www.biggerpockets.com/...

I really like the checklist form you created for the SOW. I would love to see a full version of that if you still have it! Thanks.

Good job. I am also a STL native. What area is this in? KC gets a lot of notoriety here as the hotter Missouri market, but there are some good deals to be had in the STL area on roofstock. Congrats on scooping one. 

Also interested in networking with you guys if you are planning a meetup of some sorts.

Anyone familiar with both Reia's? I'm looking to invest in the Atlanta metro area and both of these Reia's seem to be recommended here. If you only had to choose one which would you choose and why? 

In J Scott's book he says he wants at minimum 10% ARV in profit for a flip. Is this pre-tax or post-tax? For example, let's say you're paying 40% taxes on all profits due to being in the 24% tax bracket and having to pay the 15.3% self employment tax. for a 200,000 house, would J Scott's profit minimum be 20,000, or would his profit minimum be 12,000 (20k - 40% in taxes).