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Updated over 7 years ago on . Most recent reply

Brandon Phillips's profile image
Brandon Phillips's profile image
Brandon Phillips
  • Rental Property Investor
  • from Pittsburgh, PA
  • Member since Apr 1, 2017
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Brandon Phillips's profile image
Brandon Phillips's profile image
Brandon Phillips
  • Rental Property Investor
  • from Pittsburgh, PA
  • Member since Apr 1, 2017
Connect
Brandon Phillips
  • Rental Property Investor
  • Pittsburgh, PA
3
Votes |
21
Posts
Buying & Selling Real Estate

Rehab cost higher than the ARV NEED HELP!!!!

Brandon Phillips
  • Rental Property Investor
  • Pittsburgh, PA
Posted
Hello BP community, I’m a newbie so bare with me... I’m finding distressed properties with motivated sellers but these properties rehab expense will cost more than the ARV! For example I can get a seller to come down to $5,000 for the property but the repairs can easily be a 30-45k rehab meanwhile the ARV is only 30-35k. Any advice right now will be helpful, My role in this deal is to be the wholesaler I need to make sure that there is profit for me and the cash buyer. Thanks for the advice!
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Matt K.'s profile image
Matt K.'s profile image
Matt K.
  • from Walnut Creek, California
  • Member since Oct 30, 2015
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Matt K.'s profile image
Matt K.'s profile image
Matt K.
  • from Walnut Creek, California
  • Member since Oct 30, 2015
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Matt K.
  • Walnut Creek, CA
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Matt K.
  • Walnut Creek, CA
Replied

well now you see why the seller is motivated lol...

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