Updated about 8 years ago on . Most recent reply
Rehab cost higher than the ARV NEED HELP!!!!
Hello BP community, I’m a newbie so bare with me... I’m finding distressed properties with motivated sellers but these properties rehab expense will cost more than the ARV!
For example I can get a seller to come down to $5,000 for the property but the repairs can easily be a 30-45k rehab meanwhile the ARV is only 30-35k.
Any advice right now will be helpful, My role in this deal is to be the wholesaler I need to make sure that there is profit for me and the cash buyer. Thanks for the advice!
Most Popular Reply
well now you see why the seller is motivated lol...