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Updated over 7 years ago on . Most recent reply

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21
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3
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Brandon Phillips
  • Rental Property Investor
  • Pittsburgh, PA
3
Votes |
21
Posts

Rehab cost higher than the ARV NEED HELP!!!!

Brandon Phillips
  • Rental Property Investor
  • Pittsburgh, PA
Posted
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

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3,970
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2,920
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Matt K.
  • Walnut Creek, CA
2,920
Votes |
3,970
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Matt K.
  • Walnut Creek, CA
Replied

well now you see why the seller is motivated lol...

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