Profit?

In my market the houses goes for 300,000 and up so how much profit should i leave for my end buyer if im wholesaling the deal?

Comments(5)

jam20016th December, 2004

Most investors, I think you'll find, don't want to pay more than 60% of ARV.
focusonmoney16th December, 2004

So basically you are saying leave 40% profit for the investor. I was thinking leaving 30% profit but i guess now im going to go for 40%...

thanks..........
reinatalie16th December, 2004

Quote:
On 2004-12-16 14:30, focusonmoney wrote:
So basically you are saying leave 40% profit for the investor. I was thinking leaving 30% profit but i guess now im going to go for 40%...

thanks..........

I think it's misleading to say 40% or 30% across the board. Percentage depends on many different factors, such as the type of market, the details of the deal, price, etc.

If it's a seller's market, and properties are easy to sell, and there is minimal work involved, obviously the investor will consider smaller discount.
focusonmoney16th December, 2004

Thanks for your reply it was helpfull...

"I think it's misleading to say 40% or 30% across the board."

I wasnt misleading nobody across the board, i was just asking the question....

thanks again........
reinatalie17th December, 2004

Definitely did not mean to imply that you were misleading someone.