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Updated almost 15 years ago,
How much profit in a deal? [Edit]
Hello,
I was trying to come up with a clever headline....oh well. Anyway, I have a possible wholesale deal that appraised for $148k, needs $18k in work. Most rehabbers in my area would be happy with a $20k profit. If I market it to my buyers list for $93k, that leaves $55k to do repairs, closing costs, realtor, misc, etc. Does that seem about right to all the rehabbers out there?
Thanks
John