May '24 • 🤔 General discussion
Numbers
So we have a signed contract today for a home in San Diego. The Home is worth 1.7 million. We signed the contract at 1.225 million. We can wholesale the deal and make 75-100k or fix and flip the deal.
Fix and Flip numbers are:
1.225 Purchase price
32k in fees
135k rehab
4 months of mortgages=40k
All in is $1,432,000
Resale: $1,7000,000
Commissions and fees $75k
Net: $1625,000
Minus all in of $1,432,000=$193,000
Wholesale it
Fix and Flip it
Hold Long Term
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Numbers
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