Monday you learned how to pull a number on a property. So here is the next piece, and it is the one that saves you the most time. Most of the leads that land in your inbox are not deals. April's whole filter for sorting them takes about a minute, and she runs it before she opens a spreadsheet. Here is the math. Take what the house will sell for fixed up, your ARV. Multiply it by 0.75. Then subtract what you think the repairs will cost. Whatever is left is roughly the most you would want to pay. Now compare that to the asking price. If the ask is within about $15,000 to $20,000 of your number, it is worth a real look. If it is way off, move on and go to the next one. April worked one live on the Wednesday zoom. House sells for $300,000 fixed up. Repair budget around $60,000. $300,000 x 0.75 = $225,000 $225,000 - $60,000 = $165,000 The asking price was $179,500. That is about $14,500 over her number, close enough that a seller might come down or the repairs might come in lighter. So that one earns the deep dive. Why 75 percent? Because the 25 percent you take off the top is what pays for everything people forget. Your profit, closing costs on both ends, agent fees when you sell, and the months you are holding the property while it is being worked on. Pay retail minus repairs and you have done all the work for free. Two things worth saying out loud. This is a gut check, not an underwrite. It tells you whether to spend the next hour on a property, not what to offer. And it only works if your repair number is honest, which is why April keeps a real line item price list for her market and updates it as prices move. Run it on the next three leads that hit your inbox this week. Most will fail, and that is the point. You just got an hour of your life back on each one. April's live every Wednesday at 3:30pm EST, and the part that never makes it into a post is the screen share, where she pulls a real property up with the photos and the budget and works the number in front of everybody. If you couldn't make this week's call, no worries, you'll just want to catch the next one: https://us02web.zoom.us/j/87105007205?pwd=966xaopMI5fyecfqRz6JAJIc2aZGv3.1

Some of you asked about my buy box! Here it is! If you want to submit a deal you can message me on here. Let me know if you have any questions!

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