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Updated over 6 years ago on . Most recent reply

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23
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Kourtne Stancil
  • Flipper/Rehabber
  • Memphis, TN
1
Votes |
23
Posts

Why aren’t my numbers working?

Kourtne Stancil
  • Flipper/Rehabber
  • Memphis, TN
Posted
So I just started wholesaling virtually. Currently have 3 properties under contract and getting no real bites. Is it because numbers don’t work or marketing or both? Property 1- ARV 90k Repair 20k Asking 52k Single family 3/bd 2/ba 1700sqft Property 2-Arv 58k Repair 20k Asking 29k Single family 3/bd 1ba 1400sqft Property 3-ARV 190k Repair 2k Cash flow 2400k Two units . One has 4 bd 1 ba one has 3 bd 1 ba.. both rented . Asking 170k Are my numbers off?

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17,456
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30,144
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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
30,144
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17,456
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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
ModeratorReplied

ARV $90,000

- *% Sales Cost   $7,200

- Purchase Price $52,000

- Closing Costs    $3,000

- Rehab Costs      $20,000

That leaves Best case scenario if your ARV and rehab costs are correct at $7,800. These are numbers that will likely lead to a loss if someone bought it.

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