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Updated over 6 years ago,

User Stats

27
Posts
4
Votes
Louis Siano
  • Property Manager
  • Newport, RI
4
Votes |
27
Posts

Fix and flip cost-profit question

Louis Siano
  • Property Manager
  • Newport, RI
Posted
I am a wholesaler In the springfield MA area trying to figure out if a deal is worth it/ if anyone is going to buy the contract due to a lot of work on the property to get to ARV. It’s buy for 60k, 40k rehab costs, and ARV 150k. So the question is this... what typically does a rehabber look for in terms of relating cost of repair to profit. this house is 50k profit... just so I know what to sell the house for and stop wasting peoples time.

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