Buy subject to and retail on the mls

[Jeff Fairchild]

Here is a buy subject to and retail on the mls & paying a flat fee of $200-$300 listing fee strategy that I'm thinking of doing.

This would be for houses w/ out needing repairs. If any repairs needed then I would buy at a lower price.

Do you think that 10% off of ARV as well as the house being staged is enough to get the house sold in 3 months or less? Do you think these numbers would be accuarate? What other suggestions do you have?

ARV $245,000
List at 90% of ARV - $220,500.00
Sell at 87% ARV $213,150.00
Buy at 70% ARV $171,500.00 (no repairs needed)

Gross profit
$41,650.00

Money to seller -$1,150
Closing costs -$1,000
Holding costs -$3,600
Marketing -$750
Staging -$1,250
Total -$7,750

Buyer 3% commiss. -$5,900

Profit $28,000