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Real Estate Deal Analysis & Advice

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Justin Howe
  • Investor
  • Chandler, AZ
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303
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Found a Motivated Seller - Probate

Justin Howe
  • Investor
  • Chandler, AZ
Posted Dec 16 2014, 16:08

Hello,

I found a 4 bed 2.5 bath property in a great neighborhood. The sellers are selling the property for their deceased father. How can I buy the property from them since it's in probate and in their father's name?

Also there is a huge crack in the garage floor. The sellers said the concrete needs to be dug up and re-poured with new concrete. Is this something to be seriously concerned about?

Purchase price: $180,000

Estimated rehab expense: $25,000 (just a guess, haven't received an estimate from contractor yet) Mostly needs cosmetic updating. New flooring on the first floor, paint,

ARV: $270,000

Thank you for the help!

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