What is a good source to get a FREE model sales contract form for Oklahoma? Every place I have looked so far (internet, office supply) want like $20 or so.
I dont know if I can post URLs but if you go to
TheForeclosureCollege there is a link there for free real estate forms. I have used some of them in my transactions.
35-40k is a lot of rehab. Also, you are comparing apples to oranges. You bought a 2/1 apple and you want to use a 3/2 orange for a comparable. Adding a bedroom and bathroom can not be done for a couple of thousand.
If the house could be sold after replairs for 200k, and it needed 40k in repairs, then as a rehabber I would be looking to buy the house at 100k. If the market was slow I would look to buy it even lower.
I dont know if I can post URLs but if you go to
TheForeclosureCollege there is a link there for free real estate forms. I have used some of them in my transactions.
[addsig]
As a rehabber, I pay 65 to 70 percent of the ARV less the loan fees and repair money. Hope that helps you.
What is cost of rehab to bring it up to a $200K value?
What work needs to be done?
[addsig]
35-40k is a lot of rehab. Also, you are comparing apples to oranges. You bought a 2/1 apple and you want to use a 3/2 orange for a comparable. Adding a bedroom and bathroom can not be done for a couple of thousand.
If the house could be sold after replairs for 200k, and it needed 40k in repairs, then as a rehabber I would be looking to buy the house at 100k. If the market was slow I would look to buy it even lower.
MAO (maximum allowable offer)
MAO = (ARV *.7) - repairs