Is this deal worth it?

3 Replies

Hello world,

I would like to know if anyone has been in the same situation as myself or have any advice.

I found this property in a small college town. This is an ideal rental property for college students. The seller is under water on the house and is in the pre-foreclosure stage. The property is in a really bad condition, the repair cost is too high for a flip based on comps. What’s owed on it will not make it a good wholesale deal. I’m thinking this may be ideal for a subject to deal or a short sale. Any advice?

Thanks

@Todd Fullerlove - the best advice at this moment is that you provide realistic numbers. A question as abstract as what you've written will get you guesses. Accurate numbers will get you better results.