Easily Insert Calculations into the Offer To Purchase Real Estate

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How to Insert Calculations into the Offer To Purchase Real Estate

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as a wholesaler or aspiring wholesaler one of the most important skills you can learn is how to effectively calculate your max offer price when talking to sellers and the mistake a lot of wholesalers make is they only use one method or formula to determine their offer price this results in a lot of missed opportunities so on todays video im going to show you the most accurate formula of all time for how to calculate your wholesale offer price coming up this video is brought to you by 10k club a program that pays you ten thousand dollars for finding ugly houses learn more at my10kcheck.com youre new here im jerry norton and i went from dead broke to millionaire flipping houses and after doing a thousand deals i created this channel to help you master the art of wholesaling and flipping so you can live your dream life be sure to subscribe and click the bell icon to get notified when new videos are released get out your calculator and follow along with me on this video i want you to b

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Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

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Can You Offer 20% Less On A House?

The rule of thumb is usually between 5 and 10 percent of the home price. Bear in mind that you could lose the money if the deal falls through, so its important not to put up so much that youd be ruined if you lost the cash.

How do you calculate an offer on a house?

Typically, a lowball offer is considered to be at least 20% below the asking price. If youre offering 10% below, the property should be in a good condition but may just need some cosmetic work done. The goal of offering 10% below the asking price is to use those extra funds to cover the repairs.

How do you calculate a 70% rule?

How To Calculate How Much You Should Pay For A Property To Flip. Lets say you estimate that your homes ARV will be $220,000. To get a rough estimate of how much you should pay for that property, multiply that $220,000 figure by 0.7, and youll get $154,000.

How Much Do I Offer On A House With Multiple Offers?

Find the original price (for example $90 ) Get the the discount percentage (for example 20% ) Calculate the savings: 20% of $90 = $18. Subtract the savings from the original price to get the sale price: $90 - $18 = $72.

What is the rule of thumb for making an offer on a house?

Typically, a lowball offer is considered to be at least 20% below the asking price. If youre offering 10% below, the property should be in a good condition but may just need some cosmetic work done.

How do you calculate real estate purchase price?

Purchase Price = NOI / Cap Rate. Now, let us suppose that a similar investment property (B) has the same NOI but a higher Cap Rate of 6.5%. Both the properties have the same NOI of $13,000 but a lower Cap produces a higher purchase price and vice-versa.

How do you calculate an offer?

How to calculate discount and sale price? Find the original price (for example $90 ) Get the the discount percentage (for example 20% ) Calculate the savings: 20% of $90 = $18. Subtract the savings from the original price to get the sale price: $90 - $18 = $72. Youre all set!

How do you calculate offer price?

As a home buyer, you have every right to offer less than the asking price if you feel its too high. On the other hand, the seller has every right to reject your offer, if they feel its too low.

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Insert Calculations into the Offer To Purchase Real Estate