Rental Property Investor · Pittsburgh, PA · Member since 2017 · 21 posts · 3 votes
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!
Sounds like that defeats the whole purpose. If the ARV is not there, how will 2 people profit? Hold out until you find a better deal with more profit potential.
An ARV that low? Wow. You're only option is to find a general contractor that will do the repairs for a lower price, but you still won't make too much off the deal if anything.