Cincinnati (Colerain) - Wholesale Deal - $28K Margin

HavePropertiesResidentialSFR
Classifieds

Cincinnati (Colerain) - Wholesale Deal - $28K Margin

Investor · Florence, KY · Member since 2015 · 40 posts · 19 votes

All details including repair estimates and comps can be found in the Wholesale Packet here:

https://www.dropbox.com/s/42due2fljo7t603/10043_Pi...

Snapshot of the numbers:

  • Asking Price: 58K
  • Repairs: 18K
  • ARV: 115
  • Projected Profit (After Buying, Holding, and Selling Costs): $28,750

Some photos are in the packet, but additional photos can be found here:

https://www.dropbox.com/sh/cucvhovvvwqdn8z/AABH8-r0Ub3iFt4ReiebllpYa?dl=0

0Reply
4 views

3 Replies

Jump to latestLatest
  • Rego Park, NY · Member since 2014 · 43 posts · 6 votes
    11y

    Did you have a contractor on your team that gave you an estimate of those numbers? $18k in rehab seems very light. 

  • Investor · Florence, KY · Member since 2015 · 40 posts · 19 votes
    11y

    Sorry for the late response, for some reason I didn't get notification of your message last night. I ran the numbers using average costs for materials and labor, and built in a 5% contingency.  I have verified these numbers through my contractor, and he can do the work at these numbers. I can you get you in touch with him, if you'd like to use him on the job, or ask questions. There's a detailed break out of the repairs including labor cost and material in the report so you can validate all costs. 

  • Cincinnati, OH · Member since 2013 · 20 posts · 0 votes
    11y

    Do you still have this deal?

Join the conversationCreate a free account to reply, vote on answers and follow this thread.