The thin line of profit vs. not taking advantage.
What percentage of a ARV - repair costs would just be considered a steal? I know for flips you try to go for 70 % arv - repairs. But what is the best scenario to quickly flip the property to another investor? 60? 50? As a wholesaler if my estimate for repair costs is accurate and I'm getting properties for just dirt cheap compared to ARV how do I determine my commission? If I can make ten thousand dollars plus on a SFR does that mean that I should? I know most guys try to make "a few grand" on deals. Is there a certain time where the "moral" side of things is involved and I should be paying more for a property?
Most Popular Reply
There is no "moral" factor as long as all parties involved enter into the transaction voluntarily and with congruent, veracious information. Try to make as much money as you can and don't think twice about it when you do, there is nothing wrong with doing well!