Just wondering if there is a basic formula that rehabbers use when deciding to buy, If so could you provide an example? Thanks Junior
Purchase price + Cost of Holding + Cost of Rehab = 70% FMV after rehab. _________________ Hope this Helps! Bill[ Edited by telemon on Date 01/27/2004 ]
When looking to wholesale, you should be able to get your properties for 40-60$ bmv. That way you will have plenty of room to offer your rehabbers a good deal.
Sorry, I used the wrong symbol! 40-60% not $$$ !
Averylp, them 40-60$ bmv, I have a stack of them if anyone's interested. LOL
Purchase price + Cost of Holding + Cost of Rehab = 70% FMV after rehab.
_________________
Hope this Helps!
Bill[ Edited by telemon on Date 01/27/2004 ]
When looking to wholesale, you should be able to get your properties for 40-60$ bmv. That way you will have plenty of room to offer your rehabbers a good deal.
Sorry, I used the wrong symbol!
40-60% not $$$ !
Averylp, them 40-60$ bmv, I have a stack of them if anyone's interested. LOL