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Updated over 12 years ago on . Most recent reply

User Stats

21
Posts
1
Votes
Randolph Ellis
  • Wichita Falls, TX
1
Votes |
21
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Whats step 2

Randolph Ellis
  • Wichita Falls, TX
Posted

So lets lets I find a motivated seller that accepts an offer at 70% ARV. What would my next step be if I want to use the least amount of my own funds possible. I have located a bank that will do 100% of the appraised value minus repairs but I would like to see what can be down without using the banks. Would the best option be to wholesale it? What would you do if you are just starting out?

I have often heard you make money finding good deals.....but what do I do after i find the deals

Most Popular Reply

User Stats

726
Posts
284
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Shane Woods
  • Real Estate Agent
  • Weatherford, TX
284
Votes |
726
Posts
Shane Woods
  • Real Estate Agent
  • Weatherford, TX
Replied

Thanks @Brian, to clarify, you need to estimate for a full repaint (not touchup) in your repair numbers if you expect to wholesale to a rehabber.

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