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Updated almost 2 years ago, 03/13/2023
Wholesaling running numbers
Hi, my question is, when running your numbers other then the 70% rule what are the actual percentages? I’m mostly trying to figure this out for my area in Washington state, Pierce county and king county. I want to make sure when finding deals I am running them correctly. I stayed up late last night trying to figure this out. So far I got.
Arv example $400,000 4mo. Flip
Buying cost - 3% of arv
cost of money 3% ? Not sure
Holding cost 1.5% of arv
monthly hard money cost,
utilities, tax/insurance, maintenance
Selling cost - 6.5% of Arv Flat fee broker and buyers agent
Any feedback would be greatly appreciated, if you’re in a different market, would love to know how you guys are doing it. Thanks in advance.