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Updated about 6 years ago,
Are the numbers right?
Deal question... I have been really inconsistent and deals like this throw me off because of the offer prices are so low.
But help me out does this look right??
3 highest sold
$25,000
$25,000
$30,000
------------
$26,600 ARV 50% =$13,300
3 lowest sold
$9,000
$1,763
$10,000
$6,600 Wholesale Retail value
700 sqft
really damage property. Not gutted but in bad shape
$15x700=$10,500 for repairs
So what would both my contract to the seller and exit to the buyer price?
$13,300-$10,500=$2,800 contract with seller/
No less than $6,600 with the buyer?
My assignment fee would be $6,600-$2,800= approx $3800?
Thanks
Eric