What's another avenue for finding BUYER$...I want to make sure I didn't miss any. I've tried posting on BP, FB, CraigsList. I've tried JV/Co-selling. I've tried my local investment group. I've tried bandit signs. I've tried cold calling lists from title companies. The most effective, so far, is co-selling, but eventually, I would like to be able to keep all my efforts. I've been doing this since July '16. So, what am I missing?
@Josette Reynolds try acquiring your properties with a higher profit margin. If the deal is great the buyers will be beating down your door. Improved negotiating will help you accomplish this.
Thanks Brandon L.! I currently have two deals on the table and they seem to have great profit margins, per the Wholesale calculator. 1) ARV $118K asking $61K. 2) ARV $201K asking $80K. Check them out in the "Properties for Sale". Please let me know what you think.
Josette, I understand your asking is $61k and $80k, respectively. But what are the repair and renovation costs? How about hold costs, and closing costs.
Yes, for the $61K. The repair costs are $31,700 and holding: $360/month @ 90days. For the $80K. The repair costs are $57,000 and $645/month holding.
So my understanding is... 61k+31.7k+1k=$93k
And for 80k....80k+57k+2k=139k
Yes. Would you buy either one of these properties?
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