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Updated about 6 years ago on . Most recent reply

User Stats

92
Posts
15
Votes
Jonathan Newsome
  • Rental Property Investor
  • Dallas, TX
15
Votes |
92
Posts

Should I pass this up or look ‘contract’?

Jonathan Newsome
  • Rental Property Investor
  • Dallas, TX
Posted

There's a property that I'm looking for advice on. It's a 3bd/1ba with approx 1200sqft in the state of VA(RVA). The offer or sale price is $65k plus rehab of $35k (which may be more than actual cost of rehab). The property has structural damage (floor between living room and kitchen), This is part of the rehab cost. The ARV for said property is $155-160k, first analysis done by me and 2nd was a CMA through a realtor of mine.

I would like to assign the property and though I would like a small (very) fee for it, I am looking to gain experience out of this more than anything.

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