wholesale calculator

[Gene Davis]

Does anyone know when the wholesale calculator week be up on the site?

I need help coming up with an offer. I have a house where the seller wants 27k and he estimates it's around 12k-15k in repairs. I just need help with what price to offer him. I want to make between 3k-5k of this deal. Most houses in the area have gone for 75k.

Any help will be appreciated.

-Gene

[Patrick Henderson]

It sounds like you want to whaolesale this house with the profit you're looking to make. If you're looking to rehab and flip then there will be plenty of room to do that as well. With that said. Do you have experience rehabbing? Repair estimates are many times wrong and so are ARV estimates. Do your homework be sure of the factors that are concrete to your common sense. Here is a good rule and it's worked well for me and I live by it. 70% of ARV minus the repair costs. Fomula, ARV $100,000 Repairs $18,000 Maximum allowable offer is $52,000. with that my first offer would probably start around $44,000/ 46,000. With any deal I'm a liitle conservative with my ARV and a little leberal with my repair estimates. All business people are aware that you never take the first offer. Don't let deals go, by over analizing. There is a time to analize and a time to act.