I'm new to this real estate investing business. I found your channel late last night. Once I started watching I couldn't stop. It was so informative and well spoken with every details provided. Your teaching is very much appreciated.
I’m not certain this was answered but I’m thinking you’re talking about the max allowable offer equation. To find if you take the ARV (after repair value) and you MULTIPLY it times the margin the buyer would want. Typically, it’s .7 or a 30% profit margin on the deal. THEN you take that number and subtract these two things. The estimated repair costs and your assignment fee. This will give you the MOST you could offer the seller for the home. Here it is: ARV x (0.70) - Repair Costs - Assignment Fee = MAO
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I'm new to this real estate investing business. I found your channel late last night. Once I started watching I couldn't stop. It was so informative and well spoken with every details provided. Your teaching is very much appreciated.
This man a whole genius out here
Lets go! great intro
Appreciate it
Great info bro! Thanks
✊🏾✊🏾✊🏾
Great work, blessed person✔
Thx
Liked the video but the Arv wasn't clear.
Did you mean add the 3 numbers up and divide to find the ARV? you said multiply in the vid. Just need clarification
I’m not certain this was answered but I’m thinking you’re talking about the max allowable offer equation. To find if you take the ARV (after repair value) and you MULTIPLY it times the margin the buyer would want. Typically, it’s .7 or a 30% profit margin on the deal. THEN you take that number and subtract these two things. The estimated repair costs and your assignment fee. This will give you the MOST you could offer the seller for the home. Here it is:
ARV x (0.70) - Repair Costs - Assignment Fee = MAO
Yes, please do a video to find cash sales/cash buyer activity using free resources until I make money in this to use the paid ones❤😂😊
Looking for Cash buyers in the NY market.
Let’s get it
💪🏾💪🏾💪🏾
What if there is a neighborhood change that is within a mile or 2. Does the Arv differs? Or go based off that particular neighborhood change in value?
Great question. Comps should be based on properties within a .25 - .5 mile radius.
@@jamelgibbs No matter how the 2 neighborhoods physically differ?
The goal is to find like and kind properties that are located as close to your subject property as possible.
Are you offering mentoring? Im not getting any responses
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