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Updated about 8 years ago on . Most recent reply

Patrick Philip's profile image
Patrick Philip's profile image
Patrick Philip
  • from Florida
  • Member since Aug 18, 2016
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Patrick Philip's profile image
Patrick Philip's profile image
Patrick Philip
  • from Florida
  • Member since Aug 18, 2016
Connect
Patrick Philip
  • Florida
107
Votes |
912
Posts
Wholesaling

Using 88% in the wholesaling formula?

Patrick Philip
  • Florida
Posted

The guideline wholesaling formula is ARV * .7 - repair cost - $5,000 (wholesaler fee).

Recently, I posted about a house listed at $80,000 with a $125k ARV needing $25k in repairs.

Plugging that in to the formula gives 88% instead of 70%.

Could wholesale houses in my market really be going for 88%? Could this be the reason why I was getting no deals when I offered 70% to all my callers?

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