Wholesaling New House

[Jake Bryant]

Good Morning from Texas. I am Jake Bryant. I have some issues with what I calculated the ARV/MAO. The seller wants to sell it out immediately so they can move to a different state for a new chapter. They purchased a 204,500 dollars for SFR included three bedrooms and 2.5 bathrooms in 2017, become unemployed, and could not afford to pay the house.

ARV-Estimated 233000

Purchase Price- Estimated 208000

Repairs Cost- Not much since the house rehabbed 

Closing cost-estimate 1500

Wholesale Profit- range 5000-10000 dollars  

233000 * .85 is 198050. It seemed lower than what they purchased it. What alternative solution or strategy for them? I know they want to cash out immediately. Please give me feedback. Thank you so much in advance. 

I look forward to hearing from you.

Jake Bryant