Here are the details.
Found a house worth $330k, and that’s conservative for this neighborhood.
Needs $40k in work, have contractor to do the work for that amount, he’s seen the house and done the estimates.
Owner will take $200k, have already confirmed with her and sending her the paperwork.
I want to wholesale this house because I don’t have the cash to buy it and fix it.
What do I ask for the house as a Wholesale price?
I used the 60% calculations and came out at $195k and that should be right, but I have to leave enough in it for the end buyer.
It would be hard to sell to an owner/occupant, this house needs new kitchen and bath.
Thanks in advance. DAVE