4 July 2019 | 5 replies
    
    
        850K contract price.ARV=1.1M (thus REAL ARV is 0.9 to1M)1M-850K= 150K ( I call this number the Rookie Profit , RP)THis is the rookie profit because all the rookie wholeslaers think that is the profit they will make.So now we are now at 150K profit.10% of selling price goes poof on fees taxes agent fees etc. etc.That is $100KWe are now at $50K profitAnyone selling a 1,1K house for a 300K discount WILL need at least, painting, new kitchen new bathroom, and that will cost you about 30K to 40KOK so now there is 10K of profit left.Keep in mind your fee is not even taken out yet.Now who in the right mind will dish out $850K in cash to make 10K IF NOTHING GOES WRONG.Again your fee is not taken out, and most likely whom ever buys is will buy it with OPM (Other Peoples Money), that stuff costs too.I would say there is absolutely no deal to be made.Far from it.Look the best range for flips is between 100K and 230K.
    
  
       6 June 2019 | 5 replies
    
    
        If the bathroom would be able to be used safely while the reno is going on, I'd just offer the tenant a bit of a discount for the inconvenience.
    
  
      15 June 2019 | 9 replies
    
    
        Property has been on the market 93 days without a single price drop, seller is in a motivated situation, so here's your chance to get a discount.
    
  
      17 June 2019 | 11 replies
    
    
        @Kyle BarkerDon't discount an FHA 203K loan for your first house (even though you have VA eligibility). 
    
  
      16 June 2019 | 8 replies
    
    
        I am in dilemma if I should try monthly membership as oppose to yearly if not much happening during winter and early spring.Also, it looks like there is multi-member discount.
    
  
      10 June 2019 | 40 replies
    
    
        He gave me a discount every time I went in which seemed nice on the surface but I soon realized that he was probably trying to sweeten me up for something later down the road.
    
  
       8 June 2019 | 7 replies
    
    
        If the lien will be superior probably another discount will be needed.
    
  
      12 June 2019 | 6 replies
    
    
        If you’re  wanting to sell as a package then you’ll need to sell to an investor at a discount.
    
  
      12 June 2019 | 20 replies
    
    
        Get a discount set up and maybe even a trade account.
    
  
      11 June 2019 | 7 replies
    
    
        Best place to find deals is by gathering data/lists of homeowners who likely have some sort of motivation that will get them to need to sell their property for a discount and quickly.