Wholesaling
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal



Real Estate Classifieds
Reviews & Feedback
Updated about 1 year ago on . Most recent reply

Need help with mortgages, liens, etc
So I have a hypothetical situation:
Lets say a properties ARV is $550k,
Repairs are $75k,
And Wholesale Fee is $10k.
$550,000*80%-Repairs-Wholesale Fee = MAO of $355k
When I am making my offer price to the homeowner, how do I include any liens, mortgages, and/or money owed? Do I subtract the the offer price ($355k) by the total amount of money they owe? Or is that not my job and I offer the full $335k to the homeowner, find cash buyer to buy the property, and the cash buyer and title company deal with all that.
Please help, thank you
Most Popular Reply

The seller should be disclosing any liens from the property. In any case, whatever the seller nets minus liens is their business, not yours.
On a sidenote, I would not buy at 80% in todays market.