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Updated about 9 years ago on . Most recent reply

Earl Louis's profile image
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Earl Louis
  • Investor
  • from Albuquerque, New Mexico
  • Member since Jan 11, 2016
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Earl Louis's profile image
Earl Louis's profile image
Earl Louis
  • Investor
  • from Albuquerque, New Mexico
  • Member since Jan 11, 2016
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Earl Louis
  • Investor
  • Albuquerque, NM
7
Votes |
108
Posts
Buying & Selling Real Estate

Finding the lead

Earl Louis
  • Investor
  • Albuquerque, NM
Posted

ok I I'm new here and found some info on some houses that could be wholesale. 

Here is the process to make an offer to seller

Asking price x.07

ARV based on comps

Wholesale price to make offer 

Is this correct.

Would like to meet with a REI in New Mexico to guide me through if anyone is available. I have some leads and would like to meet in person.

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Simon Shih's profile image
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Simon Shih
  • Investor
  • from Houston, Texas
  • Member since Jul 31, 2012
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Simon Shih's profile image
Simon Shih's profile image
Simon Shih
  • Investor
  • from Houston, Texas
  • Member since Jul 31, 2012
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Simon Shih
  • Investor
  • Houston, TX
186
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354
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Simon Shih
  • Investor
  • Houston, TX
Replied

You want your offer price to be (ARV x .70) - repairs - wholesale fee you want.

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