Hi. I am spankin' brand new to rei. Found a property being sold (wholesaled?) 20K above purchase price. Looking at comps in the area, there is still about 60k to be profited. House appears to be in move in condition. Have no funds/credit, but need to do something other than walk away. What options do I have? Please and thanks.
Send me details and I will provide free public analysis of the deal on this thread.
God Bless You!
Thanks, Michael. I sent you the details in a Colleague Request Note. Please let me know if you need more information.
Can you give me more information such as:
- Square footage
- Rental Estimate (you can use Zillow)
- Are you trying to buy and hold or flip?
God Bless You!
Thanks for your reply. It has 4 beds, 2.5 baths, 2-car garage, 2600 sq.ft. HUD purchased of current seller. He wants 285k but is negotiable. Two recent comps: 350k and 345k. Zillow estimates for the comps were actually lower than what they sold for. Trying to purchase (with hard money since I don't have any to put into this deal) and resale. Looks (and is advertised as) "move in" condition. Not sure why current seller is not reselling, but I intend on asking him once I see the house in person. If I can not get money from some source, looking to wholesale it.
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