All Forum Posts by: Trey Brown

Thanks for the responds @Rick Santasiere&  @John Chapman. That kind of answers my question but let me give you a example. Say I find a property to wholesale and the ARV is $45,000, its roughly $15,000 in repairs and it could rent out for $800. What price am I looking at assigning it to a buyer to where I'm not overpricing it. (and for the sake of argument, lets just say I can get it from the motivated seller for what ever price) This is the part I struggle with in regards to rentals because I believe I have grossly underbid some motivated sellers using the rehab formula to make my offers (65% of ARV minus repairs)

Hi I'm new to real estate investing. I chose to wholesale to start of with like everyone else basically. My question to how ever can help is when wholesaling a property that will be used as a rental for the buyer and not a rehab house what's the formula (I guess you would say) in figuring out the right price to purchase and sell to your end buyer. For instances, do you worry about repairs like you would a rehab if someone is already living there? So would you figure in those cost would you or are you looking directly at cap rate for those properties. I understand when assigning to a flipper your looking at 65-70 % ARV minus repairs and but how does it work with rentals. If anyone could help I'd appreciate it.

Thanks @Curt Davis , I'm hoping to unload all 4 to one buyer, but I'm thinking I should go 4 separate contracts in the event there is actually 4 separate buyers. God for bid no buyers i'd probably look into a private lender of some sort to hold on or see if seller will owner finance.

Hello BP I'm new here my name is Trey and my strategy is wholesaling. Newbie to REI but taking it on full time. Well I recently sent out my 1st campaign and got my first call and the guy wants to sell all 4 of his SFR rentals. My question is do I need a separate contract for all four or could they all go on one sales contract. Appreciate any help thanks!!