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Updated almost 8 years ago on . Most recent reply

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66
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Harry Marsh
  • Investor
  • Charlotte, NC
56
Votes |
66
Posts

How do ya'll value a subject 2?

Harry Marsh
  • Investor
  • Charlotte, NC
Posted

How much would you pay?

$100k house.  Mortgage = $500/month, value = 1000-1100 per month
Lets say market value = what you're subject to'ing (to make it easy)

Of course, 100 other factors come into play, but does anyone have a ball-park idea?
I seem to pay more than others....and happy to do so.  Lets assume you're paying the wholesaler for the deal.  Other than 'as cheap as possible', what do you see as reasonable numbers for such a deal?

It's easily cash flowing $500/month.

Most Popular Reply

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112
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66
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Scott Patterson
  • Flipper/Rehabber
  • Charlotte, NC
66
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112
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Scott Patterson
  • Flipper/Rehabber
  • Charlotte, NC
Replied

yes, i think 5k is reasonable, i would want to recover my outlay in 2 years, but I would value after expenses about $300/ month and would assume i would have to improve for about 2-4k to get rent ready.

I would also consider how old the loan was and therefore the loan pay down rate

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