Is this a worthy deal?
Hey BP
got a call of a bandit sign, He is very motivated because he is moving out, this would be our first deal.
we went to look at the house its really not in that bad of shape, needs a new roof and a couple cosmetics, and a very small foundation crack
The arv is 73,000 he is asking 33,000 so its already much below .65%
he cant go lower than 33k because that is what he owes.
If anything im guessing i can make 1,000 (not much but its better than nothing!)
Thats if the repairs are below 14,000. which by the looks of it, it is. (he even has a Very nice wooden shed in the back -looks like a small little house- So maybe that can add value to the house..?)
but of course i could use expert advice! Im very excited of the potential but would like some other peoples opinion.
Thanks Y'all!