Simple formula for making offers
• OFFER FORMULA
FMV = Fair Market Value
- Rehab $ = Materials & Labor
- Closing Costs = 3% (6% - buyer & seller)
- Holding Costs = Monthly Costs (principle, int, taxes, ins, utilities, HOA, maintenance 3-6 mos. 6%
- RE Agent = 6% (buy/sell)
- Profit = 10-15%
- Assignment of Contract Fee = your fee ($2k-$3k to start) depends on deal MAX OFFER
Starting Offer – 5-10% lower
Randy Bailiff Dean Graziosi Real Estate and Life Coach
THANX RANDY!