How To Calculate Your Wholesale Offer Price (FREE CALCULATOR)!
Manage episode 499831011 series 3666680
Here's EXACTLY how to calculate your wholesale offer price! Get the most accurate results by downloading our deal calculator!
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👨🔬 Get the EXACT CALCULATOR we use for our wholesale deals: ➡️ https://www.realestateskills.com/calculator?el=pod
In this video, Ryan Zomorodi, COO of RealEstateSkills.com, breaks down how to calculate your wholesale offer price step-by-step with beginner wholesaler, Tim! Whether you're new to wholesaling real estate or an experienced investor, this video will help you understand the key factors involved in making competitive and profitable offers.
We cover the basics of the wholesale formula and show you how to get detailed with our real estate deal calculator, helping you lock down deals in today's market. You'll learn how to analyze properties, calculate your offer price, and determine the ideal wholesale fee to close more deals.
📌 Timestamps:
0:00 - Introduction
1:40 - What is a wholesale offer price?
2:29 - When is your wholesale fee disclosed?
3:55 - What is the wholesale formula?
4:49 - Wholesale real estate formula example
6:25 - What is the 70% Rule?
9:37 - When do you adjust your wholesale fee?
12:12 - Best ways to understand cash buyer criteria
17:22 - How important are cash buyer relationships?
19:18 - How to calculate your wholesale offer price with the DEAL CALCULATOR
21:17 - Determining the after repair value (ARV)
23:15 - Plugging repair costs into the calculator
25:03 - Holding costs, utilities, and property taxes
27:11 - Considering HOA fees and other costs
29:37 - Estimating projected holding time for a property
32:34 - Total investment and calculating deal profit
33:41 - Factoring in sales costs and agent commissions
36:00 - Massaging the numbers to meet buyers' criteria
38:44 - Adjusting the purchase price for competitive offers
41:25 - Flexibility with wholesale fees for deal-making
42:58 - Comparing deal calculator results with the 70% rule
44:03 - Tips for beginners on calculating wholesale offer price
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📚Get Our FREE Downloadable Resources:
✅ Download “How To Wholesale Real Estate: State-By-State Legalities”
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✅ Download the “Cash Buyer Script”
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✅ Download “Wholesale Real Estate Contracts”
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✅ Download "How To Wholesale With Real Estate Agents"
Get the detailed systems & processes for wholesaling with Realtors & real estate agents:
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✅ Download the "3 Ways To Get MLS Assistant Access"
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📺 RELATED VIDEOS:
How to Estimate Repair Costs: https://www.youtube.com/watch?v=yWaLJ_hbx3g
How to Find Real Estate Comps & ARV: https://www.youtube.com/watch?v=OQ4AIJ3qXRc
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#WholesaleRealEstate #HowToWholesaleRealEstate #realestateskills
📝 Disclaimer:
This video is not personalized financial or legal advice for the viewer.
81 episodes