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What MAO (Max Allowable Offer)would you use in today’s market for flipping a Rental property in the Delaware market? 70, 75 %, minus repairs and my profit?
The headline should have said MAO instead of ARV.
It all depends what your end investors expectations are. I have some that will go as high as 80% Vast majority at 70%. I am in Illinois. Depends on your market.
Ok. Thanks Don.
Would you use a option contract or purchase agree? I’m going to be flipping the rental property.
I just use a contingent contract untitled Agreement. Just simple little document I made myself. Jackie has on in the file vault you can use I believe.
Sorry typo called Agreement. I thought Jackie had one in the file vault. I did not see one. I know she has one somewhere. If you need one you can use mine. If Jackie does not have one on the site I will ask her to post mine.
Will you please post yours.
Let me ask Jackie if she will post it.
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