Seems like a solid deal to me, I just need him to understand the deal but we are 3k miles apart so the communication and physical evidence of this deal potentially working on paper makes it tough.

I live 70 miles away.

Hey guys,Does anyone have any experience with these in South East Pennsylvania?

I would do whatever would produce me more money.So do the formula ARV-immediate repairs*70= Asking price.Take your asking price and minus the sellers asking price(how much you would get if you wholesaled it)Compare that number to how much you would make if you decided to flip the home.Thats how I would go about doing itSample:Take the comps( 3 homes within .6 miles from your potential home that resemble you potential home in BD BA and SQFT)130k 101 west yellow st150k 222 blue ave140k 254 orange rdSay those three fit the criteriaAdd them up and divide by 3That is your ARVfor the sample the ARV=140kThen have a contractor come look at the property to determine what repairs need to be done to the home say that your repairs needed are 7,900 kTake your numbers 140k-7,900*.7=92,400 92,400 is the max that your offer could be.Say the seller wants 60k your wholesale fee could be 32k-clsoing cost ectOn the other hand what if you want to fix and flip it.

Minimum is a 15 mile radius for targeting. 

Originally posted by @Eamonn McElroy:@Michael PlaksThe flush language of Treas Reg §1.61-1, as alluded to above by @Christopher Smith.But...if you want me to go the extra mile: IRC §1241 and the related reg, andGeorge and Myrsini Stotis v.

There are some really great markets for that in the MidWest and SouthEast, and they handle everything for you so you just get that passive cashflow you mentioned.

Property is within 1.5 miles of state Capitol building, Hospitals and University.  2br 1st floor, 3br second floor.

That’s a bit like saying I have a car that maxes out a 60 miles an hour, but I’m going to plan to get to my destination at a rate of 100 miles per hours because I have to be there by such and such time.  

I looking a property with in a .5 mile radius you have land selling at a million dollars and houses selling at 165k.