what type of house to wholesale (pricing and offering)?

[Javon Rice]

how shoould i determine what house to wholesale and what determines my offer?

[William Roberts]

Hi Javon, Great question. Determining the Median household income would be a great place to start. What can people afford, what types of houses are selling and where. Check with your local RE agent(s) and ask what they've been selling. Ask local rehabbers what there buying and in what areas. Attend local REIAs and Network. Once you know your range you could use the MAO formula (Maximum Allowable Offer.) We use the 70% formula. example: A Property's ARV (after repair value) is 200K x 70% =140K minus 35K in repairs Minus 10K wholesale fee = 95K That would be the most you pay for that property, I would offer less than the 95K to leave room for negotiations. I hopes this helps.