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Updated over 10 years ago on . Most recent reply

Kelvin Young sr's profile image
Kelvin Young sr's profile image
Kelvin Young sr
  • Real Estate Consultant
  • from Jacksonville, Florida
  • Member since Mar 7, 2010
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Kelvin Young sr's profile image
Kelvin Young sr's profile image
Kelvin Young sr
  • Real Estate Consultant
  • from Jacksonville, Florida
  • Member since Mar 7, 2010
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Kelvin Young sr
  • Real Estate Consultant
  • Jacksonville, FL
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Wholesaling

Wholesaling

Kelvin Young sr
  • Real Estate Consultant
  • Jacksonville, FL
Posted

I have 2 questions, 

1.  Is there such a thing as flipping a home that does not need any repairs? if so, what is the formula? 

2. I am in discussions with a seller who has a mortgage balance of $102,808.00 the market value is $138,900, how can I structure this deal to completely payoff the bank, using 65% of the ARV or market value.

Kelvin    

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