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Updated almost 10 years ago on . Most recent reply

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Account Closed
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  • Member since Jan 29, 2015
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Account Closed
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  • Member since Jan 29, 2015
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Account Closed
  • Investor
6
Votes |
40
Posts
Wholesaling

Is there too much Repair Cost to be a deal?

Account Closed
  • Investor
Posted

Hey Guy's,

I have this 'deal' but I don't see how a rehabber/flipper would profit from this. I estimated the ARV to be 50k, with repair cost of about 26-30k, and the seller is asking for 4k.

This is a big 5 bed, 2 bath house (1,866sqft)

Where I'm confused at is I'm wholesaling and if I estimate the flipper making a 15k profit but putting in 30k sounds like it's more of a loss.

Amy ideas?

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