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Updated almost 11 years ago on . Most recent reply

User Stats

50
Posts
0
Votes
Michael Hurdle
  • Wholesaler
  • Suffolk, VA
0
Votes |
50
Posts

Is this a deal worth pursuing?

Michael Hurdle
  • Wholesaler
  • Suffolk, VA
Posted

4 Bed 2.5 bath 1646 square feet and 6,900 square feet lot. Home needs about $40,000 worth of work. The ARV is around $140K and new construction is around $200K. It is not in a war zone. Seller wants $63K.  Even with all the work that is needed, there is currently a renter occupying the dwelling. 

With the lot size does this sound like an attractive deal?

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