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Updated over 6 years ago on . Most recent reply

Tanya Randall's profile image
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Tanya Randall
  • from Middletown, NJ
  • Member since Aug 22, 2017
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Tanya Randall's profile image
Tanya Randall's profile image
Tanya Randall
  • from Middletown, NJ
  • Member since Aug 22, 2017
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Tanya Randall
  • Middletown, NJ
3
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14
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Wholesaling

Buying a “knockdown “ property

Tanya Randall
  • Middletown, NJ
Posted
I’m a new wholesaler and I’ve seen properties that I believe would be better knocked down and rebuilt. My problem is I have no idea how much it cost to build a home from the foundation or how to estimate to cost. Any suggestions? Is there a formula? Thank you
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Hai Loc's profile image
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Hai Loc
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  • from Toronto, Ontario
  • Member since Sep 2, 2012
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Hai Loc
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  • from Toronto, Ontario
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Hai Loc
  • Specialist
  • Toronto, Ontario
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Hai Loc
  • Specialist
  • Toronto, Ontario
Replied

There is no formula for building homes.. Maybe the house itself would be the easiest based on a rough $$ sqft. I would recommend as a new wholesaler to stay away from projects like this. With your lack of experience you can get an investor/builder in trouble..

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