Crunching the numbers on Wholesaling
Howdy,
This is my first post on the forum and I have got to say I have really been trying to learn all I can about real estate. I am just looking to get some feedback on my process for evaluating any potential property for wholesaling. The first that I am looking at is calculating the Average Repair Value(ARV). The ARV is the purchase price + the value that the repairs will add to the property when finished. Once I do this I will use the following formula to find the price I should buy at.
Buying Price = (ARV * 1-ROI) - Wholesaling Fee - Repairs
I am rather new to this whole process still haven't bought a property yet but starting a new job soon and have a plan in action but I wanted to see if y'all had any tips for me when valuing a property. I am working on crunching the numbers for a few properties so I can potentially find an interested buyer/investor when I move to my new job. The point of this post is to see if anyone is willing to evaluate my process of valuing a home!