The Experts In Real Estate And Mortgages

I think that knowing how to come up with a proper offer is the most important thing you can know in this business. This allows you to have a much better idea of how profitable this purchase is or is not going to be.

It also allows you to make decisions based on profit potential only.

Here is the worksheet to help you calculate the Maximum Offer:

Selling Price____________________ $

subtract the following.

purchase price———————$_____________________

any commissions or bird dog fees     $________________

closing costs when you buy————-$________________

closing costs when you sell————  $________________

repairs and upgrades————————$________________

maintenance (lawn, electric, etc.    $________________

Carrying cost (mortgage payments) $________________

Sub Total                                   $________________

Total__________________________$________________

minus

Desired Profit————————————$________________

equals

Maximum Offer Price______________$________________

___________________________________________________________

Suggested reading:

The Ultimate Real Estate System-Become a real estate investor the right way

Massive Profits In Foreclosure-Earn $10,000 in 30 days with Foreclosures

Fix your credit– Raise your credit scores and remove negative credit

Free Nationwide Foreclosure Lists-Look for foreclosures in every state 

 

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