Wholesaling Real Estate | How Much to Offer a Motivated Seller (The MAXIMUM Price You Can Pay)!!!

Find out how to estimate rehab costs in under 60 seconds and come up with your Max Allowable Offer (MOA) for almost any property☝️ Follow me on Instagram: brentdaniels_ttp

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⚡DESCRIPTION CONTINUED⚡️

There are 7 parts to calculating your Max Allowable Offer (MOA):

PART 1: Start with the After Repair Value (ARV); this is how much the property should sell for after being fixed up. If you don’t know how to do this, check out one of the many other videos about COMPing and making offers on this Channel.

PART 2: Multiply the ARV by .94; this covers 6% of the end buyer’s closing costs (assuming they’re a flipper) to purchase and resell the property: title and escrow fees, Realtor fees, etc.

PART 3: Subtract the profit the end buyer wants to make on the deal; typically it’s 10% of the ARV or $20,000, whichever is MORE. This is what flippers want to make for their risk and effort.

PART 4: Subtract the estimated repair costs based on whether it’s a LIGHT, MEDIUM, or HEAVY rehab and the square footage (most rehabs are under 2,500 sqft):

LIGHT REHAB ESTIMATES
Under 1500 sqft: $10,000
1500 - 2000 sqft: $20,000
2000 - 2500 sqft: $30,000
2500+ sqft: $40,000

MEDIUM REHAB ESTIMATES
Under 1500 sqft: $25,000
1500 - 2000 sqft: $35,000
2000 - 2500 sqft: $55,000
2500+ sqft: $75,000

HEAVY REBAB ESTIMATES
Under 1500 sqft: $40,000
1500 - 2000 sqft: $60,000
2000 - 2500 sqft: $75,000
2500+ sqft: $100K+

*NOTE: if the average cost of housing in your area is over $400K, add 20% to these numbers to be safe.

PART 5. This equals your wholesale price; what you will sell the property for to your end buyer so it’s a good deal for them.

PART 6. Next subtract how much you want to make on the deal (the assignment fee); challenge yourself to make at least $10K.

PART 7. THIS IS IT! Your Max Allowable Offer! This is how much you should offer the motivated seller (MAX). Your offer price.

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⚡ABOUT BRENT DANIELS⚡️

Brent Daniels is a multi-million dollar wholesaler in Phoenix, Arizona… and the creator of “Talk To People” — a simple, low cost, and incredibly effective telephone marketing program...

Also known as “TTP”... it helps wholesalers do more, bigger, and more profitable deals by replacing traditional paid advertising (postcards, yellow letters, bandit signs, and PPC) with being proactive and taking action every single day!

Brent has personally coached over 1,000 wholesalers enrolled in his “Cold Calling Mastery” training, and helped 10,000’s of others who listen to him host the Wholesaling Inc. podcast, watch his YouTube channel, and attend his live events...

A natural leader, Brent combines his passion for helping others with his high energy, “don’t-wait-around-for-business” attitude to help you CRUSH your wholesaling goals as quickly and easily as possible!

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