Updated almost 8 years ago on . Most recent reply
Need Help In Structuring A Resale Deal!
I have an absentee owner lead and need help in determining whether this deal is good or not.
My lead recently purchased the home roughly two months ago. Her husband recently suffered a stroke has to stay in Puerto Rico due to his condition. She would like to sell as soon as possible.
Purchase Price: $385,000
Asking: $395,000
Comps: $375,000-$400,000
No mortgage is owed, and the property is currently being rented for $2,500 p/m. I am interested in wholesaling this deal, and would like to know what factors should I consider to maximize this opportunity.
Thank you!