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Updated almost 8 years ago on . Most recent reply

Tomi Osibodu's profile image
Tomi Osibodu's profile image
Tomi Osibodu
  • Real Estate Investor
  • from San Diego, California
  • Member since Mar 14, 2017
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Tomi Osibodu's profile image
Tomi Osibodu's profile image
Tomi Osibodu
  • Real Estate Investor
  • from San Diego, California
  • Member since Mar 14, 2017
Connect
Tomi Osibodu
  • Real Estate Investor
  • San Diego, CA
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Buying & Selling Real Estate

New investor question. What to offer?

Tomi Osibodu
  • Real Estate Investor
  • San Diego, CA
Posted

The average 3 bedroom, 2 bath house in the area I live in goes for about $500k. If I come across a distressed property what is the maximum I can purchase the house for to make a $50k profit. Assuming I am borrowing hardmoney to fund the deal. Lest's assume the rehab costs are $50k.

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