Updated over 1 year ago on . Most recent reply
Need rehab advice
I have an off listing property that was presented to me needs everything redone hasn’t been renovated since 1958 seller was asking 350k for 2/1 with back room having potential to become another room if closed off what’s a good price to offer to seller since I have to do a complete rehab
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Jake Baker
#5 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
Tax & Financial Services
Pro Member
#5 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
- Flipper/Rehabber
- San Diego, CA
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Jake Baker
#5 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
Tax & Financial Services
Pro Member
#5 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
- Flipper/Rehabber
- San Diego, CA
I use this equation to back into my maximum allowable offer (MAO)
ARV - Rehab Costs - Holding Costs - Purchase & Sale Costs - Desired Profit as a percentage of ARV = MAO
- Jake Baker
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