If you have a property that you would like to sell us, we require the following:
1. Comps for the after repair value (From a subject to repair appraisal)
2. Scope of work from a professional contractor with price of repairs.
3. Our cost (what amount are you selling to us for)
4. Copy of original contract, if being assigned to us.
5. Potential rent if house is a rental.
6. Recent pictures, both internal and external.
Remember that we are wholesalers and financers. This means that we have to buy at 70% of the ARV. That 70% ARV needs to include the cost of the house, rehab cost, our wholesale profit, and points and closing cost. Anything below that offer will be your profit.
Example:
This is an example of where our numbers come in, if the ARV is greater than 70K and the rent is greater than 600 to 650 a month, then we will consider increasing our percentage from 70% to 75%. We might buy at 80% if the house is already rehabbed with a tenant in place. Depending on the area we may have to go below 70% if it is an area saturated with foreclosures.
| ARV | $100,000 |
| 70% | $70,000 |
| Less Rehab | -$20,000 |
| Less Taxes, Insurance and Attorneys Fees |
-$2,000 |
| Less points for hard money (5% on 70K) | -$3,500 |
| Less our wholesale profit | -approximately 10% 0f ARV |
| We will buy at a cost of | $34,500 |
You would need to negotiate a lower price for your profit.
How to Sell a Property to Tucker One Properties
If you have a property that you wish to sell to Investors Rehab, please send all of the information to TuckerOneProperties@gmail.com.
