Skip to content
×
PRO Members Get
Full Access
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime.
Level up your investing with Pro
Explore exclusive tools and resources to start, grow, or optimize your portfolio.
10+ investment analysis calculators
$1,000+/yr savings on landlord software
Lawyer-reviewed lease forms (annual only)
Unlimited access to the Forums

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
New Member Introductions
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 4 years ago on . Most recent reply

User Stats

6
Posts
0
Votes
Christian Acosta
0
Votes |
6
Posts

MAXIMUM ALLOWABLE OFFER

Christian Acosta
Posted

I see now that the 70% rule is NOT a one size fits all model. My thing is what variables does everyone use to satisfy the seller into selling and enticing the buyer into buying at the same time making some sort of profit? 

I read from one user that she does not add the wholesale fee in her calculations. She also stated that the 70% depends on if the buyer wants to fix & flip, sometimes the buyer could be someone who just wants to rent it thus not looking to put too much on the rehab. She also said to not over think it and just try to compare the houses that sold near the property and that should give you and idea on the price to sell. 

Funny thing is that I AM over thinking this cause I don't want to low ball the seller but then again I do want buyers to be interested as well and make some money from it. I know closing costs are different in each state, one user suggested using free American title to calculate the closing costs and fees. So do I take the ARV - repair costs - closing fees - fee? Am I doing it wrong? Does someone use something different?


Thanks 

Loading replies...