Wholesaling
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 10 years ago, 06/26/2014
HELP!! THIS IS MY DEAL STRUCTURE
I am new in this and would like any input possible....
Single Family 4/2 Sq Ft. 1170
Built 1971
Good Condition
Asking: 199k
Market Value: 127k JAN 2014 (?) county site
1. Should I use this being it's off the county's site otherwise I got 153k on another site..
Comps: 180k,180k,182k Last 3-6 Months
ASP: 180k average sale
Repairs- $12k est based on sqft
Fee: 10k
1st offer-MAO= ASP x .70 - repair - fee
Average Sale Price
180,000 x .70 - 12000 - 10,000= 104k
180,000 x .65 - 12,000 - 10,000 = 95k
180,000 x .60 - 12,000 - 10,000=86k
180,000 x .55 - 12,000 - 10,000 =77k
180,000 x .50 - 12,000 - 10,000 =68k
Where should I begin my offer ? Any help much appreciated