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Please Help - My 1st Wholesale Deal - Knockdown in Atlanta Metro
Hello, I'm working on my 1st deal and I'm putting together my offer today.
The property located in the Metro Atlanta area is priced at above ARV. You name it and something is wrong. See below. How do I figure out how much it would be to knock it down and build a new house.
- - 1250 sq ft
- - list price of $175000
- - $153000 ARV
- - $60000 Rehab costs
- - MLS
- - my calc purchase price is a max of $45K
Repairs would include roof, sub floor, floors, bathroom, kitchens, pet odors (snakes, birds, dogs and so on), front porch, back porch, mold, electrical etc... possible meth users.
As this is a wholesale deal, my end goal is to wholesale the house a walk away with a check but leave plenty of meat on the bone for the rehabber.
Please help me with my expectations.
Wholesale fee?
How much to knockdown the house and build a new one?