Chicagoland Area

[John Manta]

      I have purchased many foreclosures in the past   8 years and most needed quite a bit of rehab work. I have a contract to purchase a residential foreclosure in a affluent neighborhood for $160,000 but property current as-is value before doing any rehab work is more like $280,000-320,000. 

     Home was updated before foreclosure by previous owners...new mechanicals, new kitchen, new appliances with 4 bedrooms and 2 baths. If buyer updates property with high-end finishes the investor can sell for $450,000-$500,000.  Any suggestions on what fee to charge to wholesale?