Does Wholesale Formula Change on a Nearly Completed Flip?
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?
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
You use the same formula, nothing changes. The repairs will be lower.