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Updated about 10 years ago,
Cost to consider
I seen a few methods to determine the offer price. Some say 60-70% ARV minus my profit and rehab..correct me if wrong.
I also seen a price deduction from holding and transaction cost which i was also informed two huge differences. The differences being "Holding Cost is about 3% of ARV", looking at The Wholesaling Bible it reads "transaction and holding costs (20%)"
Besides my profit, rehab cost, how would i determine the cost for closing, transaction and holding even my end buyers cut?
For those more experienced wholesalers I seek your input. Whats a good profit for my end buyer? I am wholesaling in Bronx, Ny