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All Forum Posts by: JL Potts

JL Potts has started 2 posts and replied 7 times.

@Andy Sabisch I have been advised to use a forum that looks like this

ARV x 70% - repairs

How does that look to you?

@Dan White thank you for your advice

@Andy Sabisch thank you for your response. I am soaking up as much advice and wisdom as I can

Post: Beginning Investor. Help with numbers

JL PottsPosted
  • Posts 7
  • Votes 1
Quote from @Richard Loniewski:

I use the simple formula first: ARV x .7 - repairs = Max offer

If that passes I use Deal Check (simple and if you add in the numbers) it will give you all the details. I use all the time for flips and holds, very customizable. Great tool. I don't have time to go through all the math! LOL


 I have been toying with Brrrr calculators. I believe you have possibly saved me a bunch of time 😄

Post: Beginning Investor. Help with numbers

JL PottsPosted
  • Posts 7
  • Votes 1

Wow such great insight! So much great information. Thank you very much 

Post: Beginning Investor. Help with numbers

JL PottsPosted
  • Posts 7
  • Votes 1

I am trying to learn the numbers to not waste anyones time, lenders, agents etc. Could someone break down why a property with an asking price of 200k, arv of 310K and repairs of about 30k is a bad deal?

I am trying to learn the numbers to not waste anyones time, lenders, agents etc. Could someone break down why a property with an asking price of 200k, arv of 310K and repairs of about 30k is a bad deal?