All Forum Posts by: Reginald Mitchem
Reginald Mitchem has started 2 posts and replied 3 times.
Post: Jacksonville, Florida Market
- Greensboro, NC
- Posts 3
- Votes 1
@Carolyn Morales thank you for the reply back Ms.Morales! All my leads are filtered and mostly board ups. They are in Greater Arlington, North, Northwest, Southeast, Southwest, and Urban Core.The leads also have their specified neighborhoods.I’m just trying to figure out the best place to start in for right now.
Post: Jacksonville, Florida Market
- Greensboro, NC
- Posts 3
- Votes 1
Greetings everyone,
I am about to hop into the Jacksonville, Florida market.I have plenty of leads that I am ready to hit.I just wanted to know before hand is it more of a renting or buying market? Are there any areas that I should stay away from and not invest in? What price range do buyers tend to buy at if they plan to rehab their properties?
Greetings everyone,
This is my first post on BiggerPockets. I like to do a lot of research and number work.I can't calculate one variable, even though I know there are different formulas out there to come up with the max allowable offer (MAO).I am familiar with the ARV*.7 rule in wholesaling,but I feel there is a better formula than this to help benefit my buyers more.I wanted to know how to calculate the ROI percentage.Is there also a formula that uses an ROI percentage to reach a MAO? I would feel more comfortable on my deals knowing the percentage on the ROI,I just do not know how to compute it myself sadly.I am more of a visual learner, if you can explain with an example,I would greatly appreciate it.