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Alamo REIA Lunch & Learn: What to Offer In Today's Market w/out Overpaying

with... Tony Garza

Alamo REIA Lunch & Learn - Meets Monthly - 1st Thursday - 1:30pm -3pm

Thursday, September 7, 2023 1:30 PM - 3:00 PM
Wah Kee Chinese Cuisine
18360 Blanco Rd. Suite:122 San Antonio, TX 78258
Most everyone has heard of the 70% Rule/Formula when making offers on properties. But, does this "Rule"/Formula work? First, What is this 70% Rule? 

Here is how the formula works:
70% of ARV - Repairs = Your MAO (Maximum Allowable Offer)

Example: 
Subject property is worth 300k fixed up. The property needs 40k in repairs to bring the 300k ARV (After Repair Value)

Multiply 300k times 70% = (300k * .7) = 210k

210k - 40k (Repairs) = 170k

According to this formula, the most you can offer would be $170k. And if you are going to wholesale or assign this deal, You would need to subtract your assignment fee from the $170k. 

But, does this formula work? 

That is what we are going to be discussing at this Lunch & Learn. 

This meeting is designed to give you the confidence in knowing what to offer on properties and not overpay, make offers that separate you from your competition, and close more deals. 

Members:
FREE for Members
Non-Members:
$20.00

Date:  Thursday, September 7, 2023
Time:  1:30 PM - 3:00 PM

Location:
Wah Kee Chinese Cuisine
18360 Blanco Rd. Suite:122
San Antonio, TX 78258

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