So if you already know the ARV work backwards ill do an example here lets say ARV is 100k next your going to minus 30% for your investor. You are now at 70k, Now subtract repair cost, lets say another 30k. Now your at 40k, subtract 5k for the realtor once your buyer sells and also 5k for closing cost on the buy and sell. You are now at 30k. Now your job is to get this property under contract for 25k then find a buyer and be transparent as possible and assign the contract for 5k. Your buyer will be all in for 30k and you will make 5k at closing.
@Micquel Bernier you first need to evaluate the property to make sure it is at a discount (40% and up off)... It's not enough just to find a property someone is willing to sell
@Micquel Bernier you can if you have the money... Or you can use Zillow to determine the value by comparing the property to other houses that have sold in the area in recent times that are about the same size and condition
I suggest you do some more research on wholesaling check out Max Maxwell on youtube and watch all his videos, But if you want, message me with the address and ill tell you a ball park range of what its worth with the MLS
So if you already know the ARV work backwards ill do an example here lets say ARV is 100k next your going to minus 30% for your investor. You are now at 70k, Now subtract repair cost, lets say another 30k. Now your at 40k, subtract 5k for the realtor once your buyer sells and also 5k for closing cost on the buy and sell. You are now at 30k. Now your job is to get this property under contract for 25k then find a buyer and be transparent as possible and assign the contract for 5k. Your buyer will be all in for 30k and you will make 5k at closing.