Profit Question
How do you know when you have a great deal? Is there a formula that everyone uses to best fit themselves? Does looking at past appraisals on the property help at all? How do you know what to offer and what you're going to get back?
I would say for a rehab use this formula:
ARV x 65% minus rehab cost.
Rental formulas, sub-to deals, and other deals you need to have your personal goals set and stick with it... You need to say to yourself after this deal is done - I want to make x amount of dollars in x amount of days/weeks/months.
Good Luck!
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