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Updated over 8 years ago on . Most recent reply

User Stats

10
Posts
3
Votes
Juan Najar
  • Port Allen, LA
3
Votes |
10
Posts

wholesaling

Juan Najar
  • Port Allen, LA
Posted

i wanted opinions on how others get to their maximum allowable offer (MAO). I get three comps from redfin that are the closest in radius to average out an ARV. I then multiply by .7 and then subtract the repair estimate cost of $10-20 a sqft. I then take out my profit of about 5,000. Is this a good formula to go by? if not what formula are others using? is there a better way to get comps for free without MLS access?

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