All Forum Posts by: Rolando Caceres

I just came across a property in a rich neighborhood for a great price. Theyre asking 630,000 and comps sold in the same neighborhood are all 1.9mil - 2.2mil. the property is gutted inside, which is great do to the fact that i wont have to demo the inside. Basically just rehab. The property is decently sized and since it is completely gutted im guesstimating i will need to spend about 200k-300k for rehab. So that being said, I have never wholesaled a property with such a high ARV and such a low purchase price. so id like to ask anyone who has alot of experience with this. what is a good assignment fee/ wholesale fee to charge? I dont know if this is asking to much but i was thinking i get it on contract at 630k... sell the contract for 1mil... the end buyer puts in about 300k in repairs which makes his total in the property 1.3mil. comps in the area are 1.9mil so that gives him about 600k profit. please give me your input. THANK YOU!!!

@Michael Kinsella yes it dide. Thank you very much!

@Michael Noto thank you Michael. That makes me feel safer. Also random question but if 1 point is 1% of LTV, and 3 points is 3% of LTV then why do they call it points and not just call it what it is... A percent? I know its random lol

@Benjamin Hurwitz that actually helped alot and makes total sense. Thank you Benjamin!

@Sam Shueh sorry Sam i dont mean to sound rude, but how does this answer my question? Im not being sarcastic, im only asking so you can explain and i can try to understand. Thank you Sam!

@Mitchell Jaworski where is lake prk and riviera. Also thank you for taking the time to educate me.

@DC Lawson thats perfect lol we both benefited once again from the BP family.

@Tom Shallcross copy that. I seem to be noticing that. Thank you!

So im just wondering, from lets say palm beach county down to Miami dade county. What are the best areas to buy rental properties. Can you list areas or even maybe some zip codes? Thank you everyone!

@Andrew Taylor lol i know Andrew im just messing around. Thank you for your help.