Considering the current market, what's a realistic strategy for calculating my maximum bid for an auction property needing significant renovation to ensure a profitable BRRR or flip, accounting for increased material costs and contractor availability?
Quick Answer
Calculate your maximum auction bid using the 70% Rule: ARV x 0.70 - Repair Costs. Factor in increased material prices, contractor availability, and all associated costs, including the 5% SDLT surcharge for additional dwellings.
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Calculate your maximum auction bid using the 70% Rule: ARV x 0.70 - Repair Costs. Factor in increased material prices, contractor availability, and all associat
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