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Updated over 6 years ago on . Most recent reply

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Kevin Phan
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Found my first really good deal, but I don't know what to do next

Kevin Phan
Posted

I think I found a really good deal. A foreclosure that look like it might just need some cosmetic work done. From what I learned on here is to overestimate the cost of rehab, but here are the details.

House is going for $229,000, Zillow home value estimate $370,460. 3 bedroom, 2 bathrooms, 1,848 sq ft, near a cemetery, on a major street. Window replacement, carpet replacement, yard work, need to paint the walls, patch up a hole in the dry wall. No cracks on the wall and no visible water damage on the roof. Neighborhood is okay, not the best. Houses around there go for about $330k to $360k. Been on Zillow for 30 days. Located in California

I don't have any capital, but maybe I can wholesale it. What should I do next?

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