All Forum Posts by: Terry Royce

Clarification:

When you say .50 to .60 cents on the dollar is that its current value, or the property's arv?

Thanks
-Terry

It seems that most people favor double closings so that your end buyer does not know what your profit is.

My question is say you purchased a 150,000 house and double closed on the property at 160,000 wouldn't this eat up a good chunk of your profit? Also, do you still have to get financing for this property even though you will be owning it for a mere number of hours if that? And what if the buyer walks away on the last day?

Thanks
-Terry

Sorry for so many questions in one paragraph.

Don't the 50% and 2% rules contradict each other sometimes?