Does this look like a good deal?

4 Replies

Hey B.P. I was wondering if I can get some input into my situation. I'm at the beginning of my Real Estate Investing career and I may have a good opportunity here. The agent I'm working with is a part time Investor herself so I trust her judgment. She showed me a single family home that needs a lot of work. We both have an ARV estimate of $130,000 for the property. One of my potential cash buyers is a buy and hold investor and is willing to look at anything I have on contract. The property isn't listed in zillow, redfin, etc. The owner would take $46,000. I was thinking to wholesale for $56,000 to my end buyer who does her own rehabbing. Any thoughts ideas or suggestions are welcomed! Thank you.

Do a complete analysis on the property including all costs to buy/rehab...etc.

Then do one showing cash flow.

Put it in front of the buyer that "is willing to LOOK at anything" you have on contract...before you put it under contract (obviously you're going to let her know the address), and see if she's interested...first.

I may like it, you may like it, the next 20 people that read this may like it.  The only one that matters is your buyer...does (not will) she like it?

I did one already using the analysis form from B.P. I recently got in touch with someone who is a buy and hold himself and he's going to go over the analysis part with me.  My cash buyer cares about buying low and renting high and this looks like the perfect opportunity.  

Originally posted by @MARK MONTANO :

I did one already using the analysis form from B.P. I recently got in touch with someone who is a buy and hold himself and he's going to go over the analysis part with me.  My cash buyer cares about buying low and renting high and this looks like the perfect opportunity.  

 It looks like it to you.  Show it to her...then if she likes it do get it...before she changes her mind.

Thanks Joe, trust me I'm on it.

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