Posted by Natalie-VA on April 21, 2006 at 10:12:54:
Chris,
I think people get too bogged down in the percentages. The truth is that it will vary depending on your market and your price range. I crunch my numbers the same way you do.
–Natalie
how to figure up the max retail value - Posted by BT
Posted by BT on April 20, 2006 at 09:19:58:
and max purchase price. im sure there is a good formula to use for all of this. if anyone could help out on this it would be greatly appreciated.
Re: how to figure up the max retail value - Posted by John
Posted by John on April 20, 2006 at 17:11:00:
Not sure what your asking
Comps are the only way to value a property.
Even the it will vary depending on the appraiser.
For max purchase price for investing is: After Repair Value (ARV) X 65 - 70% Minus repairs = Max. Allowable Offer (MAO)
Re: how to figure up the max retail value - Posted by Chris
Posted by Chris on April 21, 2006 at 09:57:41:
ARV - purchase costs - holding costs - repairs - selling costs - contingency (3-5% ARV) - desired profit = maximum purchase price