Looking To Wholesale

Just wondering if there is a basic formula that rehabbers use when deciding to buy, If so could you provide an example?

Thanks

Junior

Comments(4)

  • telemon27th January, 2004

    Purchase price + Cost of Holding + Cost of Rehab = 70% FMV after rehab.

    _________________
    Hope this Helps!


    Bill[ Edited by telemon on Date 01/27/2004 ]

  • InActive_Account28th January, 2004

    When looking to wholesale, you should be able to get your properties for 40-60$ bmv. That way you will have plenty of room to offer your rehabbers a good deal.

  • InActive_Account28th January, 2004

    Sorry, I used the wrong symbol!
    40-60% not $$$ !

  • dajackhammer30th January, 2004

    Averylp, them 40-60$ bmv, I have a stack of them if anyone's interested. LOL

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