is there a formula that you use to figure out how much to pay for a rehab? or do you just check comps in area then minus cost for rehab plus your profit?
Some use 70% max of the after repaired value of the house - the cost of the repairs. So if you had a house that would be worth 100k after rehab * 70% = 70k - the cost of the rehab of 10k = 60k Max amount to pay for a 100k house after 10k of rehab would be 60k Best of Luck JohnNH
Some use 70% max of the after repaired value of the house - the cost of the repairs.
So if you had a house that would be worth 100k after rehab * 70% = 70k - the cost of the rehab of 10k = 60k
Max amount to pay for a 100k house after 10k of rehab would be 60k
Best of Luck
JohnNH