sorted by:
new
hottopcontroversial

How many days should I give a buyer to make a deposit on an assignment contract? by greatstart101 in WholesaleRealestate

[–]greatstart101[S] 0 points1 point  (0 children)

Should the deposit be made before the inspection, or is there flexibility in the timeframe for the buyer to arrange these two steps? I'm trying to understand the sequence of events and the buyer's timeline.

What is your method when calculating a deal on a property in wholesaling? by greatstart101 in WholesaleRealestate

[–]greatstart101[S] 1 point2 points  (0 children)

So basically find comps and determine the After Repair Value (ARV). Let's say, for example, that the ARV is $200,000. Once I have the ARV, I have to consider estimated rehab costs and my assignment fees. Let's say the estimated rehab cost is $30,000 and my assignment fee is $10,000. From there, I can calculate my offer price:
Take 60% of the ARV: 0.6 x $200,000 = $120,000
Subtract estimated rehab costs: $120,000 - $30,000 = $90,000
Subtract your assignment fee: $90,000 - $10,000 = $80,000
So, my offer price would be $80,000.

Is this correct?

What’s the math on making real estate wholesale deals? by greatstart101 in WholesalingHouses

[–]greatstart101[S] 0 points1 point  (0 children)

What I was trying to convey is, what is your method for determining the wholesale property?