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Updated almost 8 years ago on . Most recent reply

User Stats

18
Posts
3
Votes
Derek Cozzolino
  • Charlotte, NC
3
Votes |
18
Posts

Having trouble with the wholesale calc

Derek Cozzolino
  • Charlotte, NC
Posted
So I do have a question..I have an off market property that I am looking at getting under contract. 3/2 Asking 115k all cash only. ARV:160k(Ran comps) Repairs 10k, 700 month rent with tenants on month to month lease. Could easily be 8-900. Taxes 1600 closing costs 2300 Insurance 75/month...so im using the biggerpockets wholesaling calculator trying to make a wholesale profit of 5k...i put all my info in and its throwing out all sorts of weird numbers like can only ask 32k. From the numbers it looks like a good deal..idk what I'm doing wrong?!?!?

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