Invest · The Dirt

DFW deals with the math shown. Purchase. Rehab. ARV. Weekly.

The Dirt is a weekly sheet of DFW deals with the numbers on every line — what it costs, what it needs, what it should sell for fixed. Free. No membership.

What's in an issue

One line per deal. Five columns.

Every deal goes out in the same shape, so you can read a week of them in a minute.

The shape of a deal line
AreaPurchaseRehabARVNotes
One real past deal — J.D. supplies purchase / rehab / ARV
Area
The ZIP or neighborhood.
Purchase
What you'd pay.
Rehab
J.D.'s estimate of the work it needs.
ARV
After-repair value: what it should sell for fixed, from closed comps.
Notes
Condition, occupancy, access — what we know and what we don't.

Rehab and ARV are estimates. Walk it, bid it and pull your own comps before you sign.

Run your own numbers

The deal analyzer.

Same textbook math we'd use to sanity-check a line in The Dirt: the 70% rule, profit and ROI. Change any number.

Example inputs. The holding cost and the 8% selling cost are example assumptions — J.D. sets these.

The deal

What it sells for fixed up, from sold comps.

Closing to closing.

Taxes, insurance, utilities while you own it.

Commission, title, concessions. Starts at 8%; change it to match your deal.

The textbook verdict

Passes the 70% rule: $165,000 is $5,000 under the $170,000 max offer.

70% rule max offer
$170,000
Projected profit
$68,600
ROI
33.1%
After-repair value
$300,000
Purchase
−$165,000
Rehab
−$40,000
Holding (4 months × $600)
−$2,400
Selling costs (8%)
−$24,000
Projected profit
$68,600
Cash in (purchase + rehab + holding)
$207,400
How we figured this
  • 70% rule max offer (MAO) = ARV × 70% − rehab.
  • Holding = months × holding cost per month.
  • Selling costs = ARV × selling-cost %.
  • Projected profit = ARV − purchase − rehab − holding − selling costs.
  • ROI = projected profit ÷ cash in, where cash in = purchase + rehab + holding (all cash, no loan).

The verdict compares your purchase price to the MAO. It's a rule of thumb, not a valuation.

Example assumptions — J.D. sets these. Holding $600 a month and selling costs at 8% of ARV, starting figures for you to change. The 70% rule is the textbook's, not his.

Textbook rules only. This is the 70% rule and the plain profit arithmetic every investing book teaches — not the underwriting J.D. uses on his own offers.

We'll carry it to the form so you don't type it twice. It stays in this browser tab, never in the link, and nothing is sent until you submit that form.

How we source

Where the deals come from.

Three places, plainly:

  1. 1 · Homeowners, directly

    Sellers who ask us for three numbers on their house — through this site, by phone and through our own marketing. When an owner picks the cash number and signs, that house can end up here, and the owner hears it in writing first (the disclosure below).

  2. 2 · Agents

    Listing agents who bring J.D. a house that needs more work than a retail buyer wants.

  3. 3 · Wholesalers

    Other investors with a house under contract who'd rather sell the contract than close on it.

Sold

Houses we've bought, fixed and sold.

Photos and the real purchase, rehab and sale numbers for each.

FAQ

Straight answers.

How does The Dirt arrive?

Weekly, by text if you tick the consent box on the signup, by email if you give us an address — or both. Reply STOP to any text to end the texts.

Does it cost anything?

No. No membership, no fee, no course to buy.

Are these houses J.D. owns, or contracts he's assigning?

Both can show up. Texas lets someone without a license sell an option or assign a contract to buy a house only if they don't use it to broker real estate and the person "discloses in writing the nature of the equitable interest to any seller or potential buyer." Skip that disclosure and it counts as brokerage (Occupations Code §1101.0045). J.D. holds a license, so TREC's rules for license holders apply to him on top of that: he tells you in writing — in the contract or before it — that he's a licensed sales agent acting for himself or his company, and he may not use his expertise to your disadvantage (22 TAC §535.144).

Do the homeowners know J.D. is an investor?

When RESE is the buyer, J.D. Thorne — a Texas real estate license holder (No. 0705914, sponsored by Myers Home Buyers LLC) — is buying for his own account or through a company he controls, to repair and resell at a profit. He is the buyer in that deal, not your agent, and you'll get that in writing before any contract (22 TAC §535.144). If we bring in a partner buyer instead, we tell you that in writing too.

Are the numbers guaranteed?

No. Purchase is a price; rehab and ARV are estimates. Walk the house, get your own bids and pull your own comps. If our ARV is wrong, we'd rather you catch it before closing than after.

Is the deal analyzer J.D.'s own formula?

No. It uses the textbook 70% rule and says so. Use it to check a line, not to make an offer on its own.

What areas?

Dallas, Tarrant, Collin, Denton, Rockwall, Ellis, Johnson and Grayson counties. Pick the ones you buy in when you sign up.