All Forum Posts by: Eugene Koh

Okay thank you. Well, I'm only wholesaling as of now, so I won't actually hire them for the repairs, so could you recommend me a better way to estimate repair costs? Or is that the rehabber's job?

And are estimates on repair costs for free? I was thinking about getting a handyman only to "pretend" I needed repairs for the sole purpose of finding out an estimate. Is it wrong for me to do this and then later tell him that I "wouldn't be needing the repairs anymore?"

I am going to ask people to find me houses that I can wholesale. I will reward them 250~500 AFTER closing but how do I assure them that I am not scamming them? What can I do to them to make them trust me that I'll give them 500 after I close. Won't they think that I might start ignoring them and run off with the distressed property so I don't have to pay them?

What are all the costs that I should consider to leave profit for my end buyer? I'm always hearing subtract this, subtract that, but they all sound too broad.
Some of the stuff that I know to subtract from the after repair value are:
-My assignment fee
-Profit for the end buyer
-Closing costs
-Repair costs
-Inspection costs (termites, etc)
-Appraisal cost
-Broker/agents fee (if they plan to sell with an agent)
-Hidden fees such as liens/back payments (if they apply)
Are there more than just these? I don't want to spend useless time on a property that I think is worth it, and have my buyer's list tell me I'm stupid for asking them and lose potential business with them.