SACRAMENTO, CA - 3/2 SFR

[Veronica Nwaki]

Fixer upper, 3/2 SFR - how do I get a cash buyer for this?

[Dennis Lanni]

Start with sharing the numbers.  An investor will want at least a 20% profit margin.  Try to work the deal backwards to see if it makes sense (ex. Purchase price 100k + fix up/rehab costs 20k + resale/holding costs 20k + profit margin 35k = $175,000 resale price).  Is the house worth 175k?  

The way a wholesaler would make money is by getting the property under contract for below 100k.  The hard part is knowing the true fix up costs and the true resale price.   And the really, really hard part is finding a property that you can purchase that pencils out!

Good luck