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471
Posts
95
Votes
Robert Burns
  • Wholesaler
  • Baton Rouge, LA
95
Votes |
471
Posts

Does Wholesale Formula Change on a Nearly Completed Flip?

Robert Burns
  • Wholesaler
  • Baton Rouge, LA
Posted

I'm working on a lead that just came in for a really nice flip that's nearly finished ($20,000 left in repairs max) from a seller who just wants to sell AS IS so he can move on to another fix and flip.

Does the ARV x 70% - repairs - Wholesale fee = MOA or does is it adjusted due to the lower repair cost?

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9,861
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5,541
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Eliott Elias#4 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Investor
  • Austin, TX
5,541
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9,861
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Eliott Elias#4 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Investor
  • Austin, TX
Replied

You use the same formula, nothing changes. The repairs will be lower.