Jul 21, 2019
Where do you fall on the buying scale?
Where do buyers fall on this scale in order to make a profit?
Let's establish what's 100% - full MLS retail price.
100-95% - Owner Occupants
80-90% - Buy and Hold Landlords
50-80% - Flippers
40-70% - Wholesalers
You may ask who buys below 40% of ARV.......simple answer: WINNNERS!!!!
Notice some ranges overlap, this isn't exact science.
Of course if you buy below, you'll just make more, this is to establish a top end.
It's OK for the people at the top end to buy from the people at the lower end, it took a lot of money, resources and time to find that deal.
What should you do?
Decide which of those people you are and plan accordingly.
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