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Updated almost 12 years ago on . Most recent reply

Please help analyze Texas deal, desperate need to come up with an answer today!
Its wholesale deal in Texas, Bell country, near military
base
buyer asking quick closing 5-7 days, so has to be a cash buy
It's a Single Family:1,588
sq ft in a really nice neighborhood, Built in 1983, overall
good condition
asking price 71,000
anticipated repairs 10,000
closing cost -paid by seller hopefully
comps:
1)$110,000 for 1,440 sqft house Closing Date: 03/06/2013,
2)$92,700 for 1,332 sqft house Closing Date: 06/04/2013
3) $93,900 for 1,250 sqft house Closing Date: 06/28/2013
it can be either flip or hold as a rental
comps for rent $900-$1100