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Updated about 3 years ago on . Most recent reply

User Stats

5
Posts
1
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Gabriel Flynn
  • Wholesaler
  • Oakwood Ga
1
Votes |
5
Posts

[Calc Review] Help me analyze this deal

Gabriel Flynn
  • Wholesaler
  • Oakwood Ga
Posted

This would be my first wholesale deal if the numbers work. Any help you can offer is appreciated. It's being sold by owner and has been listed since 2019 with a steady increase in the asking price. 

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*This link comes directly from our calculators, based on information input by the member who posted.

Most Popular Reply

User Stats

739
Posts
410
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Andrew Garcia
  • Lender
  • Charlotte, NC
410
Votes |
739
Posts
Andrew Garcia
  • Lender
  • Charlotte, NC
Replied

Hi @Gabriel Flynn, that is going to be a tough sell. $35,000 for a gut reno at that size is likely a little low. Especially if it is a teardown.

Additionally, the flipper is not making a ton of profit on that, especially with all the work required. If you can sell it, that would be great but the numbers are not looking too favorable. That's just my two cents.

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