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Updated almost 6 years ago,
How To Wholesale Multiple Properties from 1 seller
Hi all I’m fairly new to real estate investing and figured I start with wholesale in order to get my foot in the door and build some capital. Recently I’ve come across a few different sellers who have multiple properties they are looking to sell. All are very motivated and the numbers seem to make sense. However I’m a little confused about how to move forward with this sort of situation. Do I simply pull comps, estimate repair costs for each individual property as normal?? I’ll give an example of one particular deal I’m interested in.
2 multi family properties 5 bed 2 bath 2416 square feet. $260k (for both)
ARV is about $263k because they are literally next door to each other.
estimated repair costs $35-40k (seller did most of the work already).
So to me this seems like a hell of a deal 2 for 1 however would I still use the investor formula ARV x 65% -repairs or what ? Thank you in advance