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Updated over 11 years ago,
First deal, please analyze
I have a seller agreeing to a sell price of $23,500. House is 1278 sqft, 3 bdrm 1 1/2 bath. Based on local comps, 6 months back, no further than 2 miles away (5 different homes) i believe ARV would be $50-$52 per sqft.
Repairs calculate at $15k on the high end. Im looking at profit of $5-6 k so my wholesale price will be $29.5 - $30.5k
Does this sound correct?