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