What % Of Profit Do You Need To Make On Your Deal?
Hello,
I am writing up an offer and I am trying to figure out how you pros decide what you need to make on a deal. I feel if you made 10% of the ARV that would be a pretty good deal and that is currently how I am structuring my offer. (10% of what we eventually sell the repaired house for)
What do you guys usually strive for?
Thanks
I am writing up an offer and I am trying to figure out how you pros decide what you need to make on a deal. I feel if you made 10% of the ARV that would be a pretty good deal and that is currently how I am structuring my offer. (10% of what we eventually sell the repaired house for)
What do you guys usually strive for?
Thanks
Comments(0)
I usually strive for 20% of my sale price, but since I buy foreclosures mostly without seeing the interior of the house, sometime I net 35% to 40%, sometimes 10%
Not very scientific, but it works for me.
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