Is my first deal a bad one?
I got my first property under contract a few days ago and it seems to be a pretty good deal. I have been marketing for a buyer for the last 2 days and have not had one lead. I am hoping that anyone here will be able to look at the stats of my deal and tell me if it is a good or bad deal.
ARV: 107K
Estimated Repairs: 25k
Asking Price: 38k
The property is a duplex if that matters. I appreciate all help that i get on this. I am working really hard to close my first deal.
I should also mention that I am doing all of my marketing with no money at all, and i figure if I can find a motivated seller with no marketing budget then i should be able to find an end buyer without one as well.