Attention Wholesalers! -

Attention Wholesalers! 11/16/2010

We are looking for our next rehab project and would like your help finding a property.

This is what we are looking for:

3/2 or 2/2 in Northern Pinellas

·         Palm Harbor

·         Dunedin

·         Safety Harbor

·         South Tarpon Springs

·         North Clearwater

·         Oldsmar

Here is what you need to do in order to meet our requirements once you have located a potential deal:

1.       Go to Zillow.com and find the January 2001 value

2.       Multiply that value by (.60) to come up with 60% of the 01 value

3.       Estimate high for repairs needed and subtract that from the 60% Value

4.       Make your offer low enough to include your profit in the deal. We pay the 60% value minus the repair costs, you take the rest.

Example-

          $100,000 Jan 01 Value on Zillow.com

                  x .60

             $60,000

          – $10,000 in repairs

             $50,000 -------------- Our Purchase Price

             - $5,000 your profit

             $45,000 this is your highest offer

We would pay $50,000 at closing, so anything below that price is straight profit to you.

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