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Updated about 10 years ago,

User Stats

63
Posts
5
Votes
Terrell Sapp
  • Real Estate Agent
  • Bronx, NY
5
Votes |
63
Posts

Cost to consider

Terrell Sapp
  • Real Estate Agent
  • Bronx, NY
Posted

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

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