Real Estate Investing:
Whole Sale Formula for Buyers Who Wholesale Their Properties to Investors & End Users
(The key to this is avoiding greed, their has to be enough left after the sale to resale again or you are not Wholesaling).
Asking Price = $X
Estimated Repairs Cost = $?
Estimated After Repairs Value =$?
Take the after repair value of property (multiply it) x by 70% - (deduct the cost of repairs) and this = your top offer on the property for sale. Stick to your budget goals.
The remaining 30% of after repair value should =
10% is cost to buy & resell (closing costs, marketing, etc.)
20% should be profit.
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