In the all cash discount purchase strategy, what is the formula used to determine the purchase price when the ARV (After Repair Value) is over $300k?

a) ARV - 10% - Repairs - Your Fee

b) ARV - 12% - Repairs - Your Fee

c) ARV - 15% - Repairs - Your Fee

d) ARV - 20% - Repairs - Your Fee

When the ARV is under $200k, what percentage is typically subtracted from the ARV in the all cash discount purchase strategy?

a) 12%

b) 15%

c) 17%

d) 20%

What factors should an investor consider when estimating repair costs in the all cash discount purchase strategy?

a) The property's size and layout

b) The extent of required repairs

c) The cost of materials and labor

d) All of the above

In the all cash discount purchase strategy, what additional fees should the investor include when calculating the purchase price?

a) Closing costs

b) Holding costs

c) Financing costs

d) Inspection fees

True or False: The all cash discount purchase strategy is primarily used for properties in need of significant repairs.

a) True

b) False

How does the investor determine the After Repair Value (ARV) of the property in the all cash discount purchase strategy?

a) By consulting with a real estate agent

b) By conducting a comparative market analysis

c) By assessing the property's potential rental income

d) By estimating the property's future value based on market trends

What due diligence should an investor conduct before finalizing the all cash discount purchase?

a) Property inspection to assess repair needs

b) Title search to identify any liens or encumbrances

c) Review of local zoning and property regulations

d) All of the above

What are the potential risks for an investor in the all cash discount purchase strategy?

a) Unexpected repair costs exceeding estimates

b) Difficulty in finding qualified contractors

c) Market fluctuations affecting property values

d) All of the above

What is the role of the investor's attorney in the all cash discount purchase strategy?

a) Reviewing and preparing legal documents

b) Negotiating the purchase agreement with the seller

c) Facilitating the closing process

d) Providing legal advice and guidance

In the all cash discount purchase strategy, what options does the investor have after acquiring the property?

a) Sell the property immediately for a profit

b) Rent the property for passive income

c) Rehabilitate the property and sell it at a higher price

d) All of the above

True or False: The all cash discount purchase strategy is suitable for homeowners who are facing foreclosure and need an immediate sale.

a) True

b) False