For this example we will use 70% For this formula you will need to know the following:ARV=After Repair Value ( How much will the house will sell for after making all the repairs needed)Repair Estimate - (Send me a message and I can send you a list I got from my mentorship class for ball park estimates based on square footage and depending if you need cosmetic repairs, avarage repairs or Extreme repairs)Your Assigment FeeARVx.70 - Repairs - Your Assignment FEE = Max OfferExample$200,000 x .70 = $140,000 - $30,000 (repairs) - $10,000 (your profit) = $100,000 (offer)Your potential profit is $10,000 I hope this formula helps you make offers that will make sense for all involved in the transaction.Happy Wholesaling,Lily Rodriguez - Investor friendly Broker18 years in the business, and I understand it perfectly.

Understanding the price per unit can help you make informed decisions about renting or buying in the building.

When you buy this triplex, you are only our of pocket $500/mo for a similar quality of life, that equates to "$1,000 net cash cash flow to you", since you are effective saving $1,000/mo versus your current living situation.Hello Evan,I don't know why - but I really understand and appreciate your evaluation of my situation here.

It's a great market if you take the time to understand it.I have 14-doors there now and happy to share some resources if that's a market you're interested in.

Especially since I understand this project requires a variance.

It's recommended to research and understand the market before investing, and consider consulting with a financial advisor or real estate investment professional for guidance.

Connect with a realtor who understands house hacking and has invested themselves 6.

Most bank robbers get away with it the 1st time, yet no one comes on bigger pockets & ask’s if it’s a good strategy, even thought it’s quite profitable and you have decent odds of getting away with it, it’s still illegal, immoral and if you do get caught you’d go to jail.

As an owner I do understand the annoyance of this, especially if you were to back out of the deal and then having to deal with the issues of tenants worrying they'll be displaced, mismanaged upon sale, etc.

If you understand the tax implications of these decisions and are comfortable penning out your hold period scenarios for each, that will give you the best answer.