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Buying & Selling Real Estate

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Steven Crawford
  • Wholesaler
  • Los Angeles, CA
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11
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My first potential deal

Steven Crawford
  • Wholesaler
  • Los Angeles, CA
Posted Sep 16 2014, 08:46

I recently came across a deal that have a crack foundation. Rehab cost of 50k. The asking price is around $230,000 o.b.o in an area where most home go for $400,000 - $500,000. 

The seller seem to be motivate to sale.  I am working on get this home under contract the only problem is that I am new. I have not done all my home yet and I am seeking some advice before I start digging into this project. I know  I need comps and so on. What would before way to obtain all the information I need. Is it smart to chase after a house with a crack foundation?

Any advice would be helpful.

Thank you for reading.

Steven Crawford

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