Wholesale Real State

Wholesaling
5yFollow

Wholesale Real State

Ulices Uribe
Member since 2020 · 7 posts · 0 votes

Im new to Propstream and Im using Propstream To find deals And Im ONLY targeting Vacant Houses with 70% equity or more and I'm Kinda confused on if im only supposed to worry about Deducting the equity that the Seller still owe with the MAO.

Or do I also have to worry about the seller tax liens and equity? 


0Reply
24 views

1 Reply

Jump to latestLatest
  • Jim Pellerin
    Real Estate Consultant · USA · Member since 2014 · 1k+ posts · 751 votes
    5y

    Your MAO and Equity are calculated by the following:

    MAO = ARV - rehab estimates -carrying costs - profit - fee

    Equity = Market value - loans - liens

    Equity really doesn't have anything to do with wholesaling since it's based on market value. 

    All you have to do is make sure the MAO is greater than loans and liens otherwise the seller would have to pay to sell the property.

    2Reply
Join the conversationCreate a free account to reply, vote on answers and follow this thread.
Log InJoin for Free