Tar Down / New Build Wholesale Fees
I have found a great wholesale opportunity for a tear down and am not sure what fees to add to my numbers. Rehab fees just use the 70% rule. Is there a specific rule for new builds?
New build numbers vary wildly which makes it hard for wholesalers to estimate value.
rule of thumb, in the inner core of nashville, a builder would pay 25% or so of exit price of house.
if it's more suburban like 37211 20% is more about right. In Springfield I paid less than 10% but that was 3 years ago.
Eliott Elias
#3 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
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Eliott Elias#3 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
#3 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
- Investor
- Austin, TX
Same rule, just don't subtract any rehab costs
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@Connor Bailey Can I see this deal?
