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Updated about 10 years ago on . Most recent reply

Henrietta M.'s profile image
Henrietta M.'s profile image
Henrietta M.
  • New to Real Estate
  • from Ogden
  • Member since Nov 17, 2014
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User Stats

107
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19
Votes
Henrietta M.'s profile image
Henrietta M.'s profile image
Henrietta M.
  • New to Real Estate
  • from Ogden
  • Member since Nov 17, 2014
Connect
Henrietta M.
  • New to Real Estate
  • Ogden
19
Votes |
107
Posts
Mobile Home Park Investing

Need urgent help calculating modular/mobile home deal!!? PLEASE:)

Henrietta M.
  • New to Real Estate
  • Ogden
Posted

So this will be my first official home under contract!! My first wholesale deal. It's a nice 3 bd 2 ba modular/mobile home. Was remodeled a few years back. Only adults have lived in it since. He's asking $65,000 for it. 

ARV-$145,000

Owner paid-$75,000 

My fee-$5,000

Taxes-$1200

How do I calculate this and give the best offer. I came up with higher than $65,000??? Help please! Thanks.......

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