For you to buy from a wholesaler.....

[Philip Klinck]

If you were to buy from a wholesaler what would the deal need to look like.

I ask because I have a seller that inherited the house. Homes like it are selling in the area from 45-85. The seller wants 25k. Needs a full interior rehab. New roof. Thats about all I know. I talked to a buyer and he said he wants it for about 24k-repairs-my fee. So 10k in repairs he wants it for 14k-my fee. I might be able to get the seller to 17-20k, not sure about 14k. Especially since the next door house which is the same size but in a lot better condition is on the market for 55k. He told me to back out rehab costs and my fee and try to get her to sell for that price. I just think thats a little low. Rents in the area are around 600-650.

Does everyone expect 30% ROI on a rental before maintenance costs?