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Updated about 7 years ago on . Most recent reply

User Stats

70
Posts
28
Votes
Shanae Williams
  • Wholesaler
  • Detroit, MI
28
Votes |
70
Posts

How do you calculate a turnkey property

Shanae Williams
  • Wholesaler
  • Detroit, MI
Posted
I have this property I’m going to get under contract but before I did I’ve been marketing like crazy on Craigslist, Facebook, Instagram to see if any buyer would be interested before I get it under contract. I have no one interested after a couple weeks of putting it out there. Now I’m think the price is too high Ok it’s 2 tenant occupied properties both 3/1 both been renovated & have a finished basement 1 is a 751 sqft ARV is around $80k I’m selling it for $51k The other is 1027sqft ARV around $90k I’m selling it for $64k I don’t know what numbers to use to get the MAO I’m sure the seller would change the price I just don’t know what to offer to appeal cash buyers

Most Popular Reply

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29,425
Posts
20,284
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James Wise#4 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
20,284
Votes |
29,425
Posts
James Wise#4 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
Replied
Originally posted by @Shanae Williams:
@James Wise

Thank you for your input. But I am wholesaler nothing more or less. I assign my contracts to investors which is completely legal in my city. It would be helpful if you wanted to comment to answer my question instead of speaking on things you seem not to know!

 You can call it whatever you like but what you are doing (or attempting to do) is brokering real estate. 

As they say you can lead a horse to water.........

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