This is my second deal........Please Analyze this Deal
Hello BP,
I wholesale in Augusta and I have a deal I have been looking to sale and at this point I need to sell ASAP so want to make sure that the deal presented is a good deal for my end buyer which is my number 1 objective.
2BR/1BA
ARV 68k to 71k (Conservative)
Reapirs 6k to 7k (Contractor approved the repairs to total $6500)
Selling Price 31k
Rent Rate $700+
Its a great location and neighborhood, about 3 blocs from where The Master's take place.
From the input recived from other buyers they are not a fan of the 2/1 but this is too good of a property to see if fall at the waist side. Can you tell me your thoughts on this being a good deal or how could it be better? I may be second guessing my idea of getting this property sold but your help would be appreciated.
Any suggestions on what I could possibly do? Thanks everyone in advance