Before signing up with a credit repair company, make sure to check if they are a member of NACSO.

Nothing serious, paint, a tiny bit of sheetrock repair and some light fixture updates on the older one.Anyone have a feel for how much off their asking price they'll entertain withouth laughing at my offer?

I AM NEEW IN REAL ESTATE,I WANT TO WHOLESALE AND HAVE FOUND WHAT I THINK IS A GOOD DEAL.ITS A $25000 PRICE,$25000 IN REPAIRS, ARV IS $75000.IM NOT SURE HOW MUCH MY FEE SHOULD BE, PLUS FOR SOME REASON THE SELLER DONT FEEL RIGHT ABOUT DOING A ASSINGMENT CONTRACT.

Can someone please explain to me how to figure out the After Repair Value.

wich makes it hard to find properties at 70% ARV minus repairs.

Nevertheless, you have to think like the end buyer to determine the quality of a deal.You have to consider six categories:1) Buy price2) Selling price - ARV or after repaired value3) Rehab costs4) Purchase costs5) Holding costs6) Sale costsYou might think you would start with the buy price.

If it were me and it was a repair on my house, I'd probably replace it.

If you pay that, and it needs absolutely no repairs, and you sell it for $140K, you stand to net about $14-21K.Now, there are a bunch of assumptions in that rule of thumb.

That, amoungst many other things, is why I invest there and will continue to do so.I also agree that pegging an exact figure on repairs or vacancy for a given year is near impossible.

Other problems seen were the master bath tub caulk needs repaired/replaced, (and will be), a window screen is out of a bedroom, and a couple of closet door guides need replaced.