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Updated over 14 years ago on . Most recent reply

Please Analyze This Wholesale Deal
3 bedroom 2 bathroom split level single family home
Wood floors, carpet in bedrooms, Fenced in backyard with pool, corner lot in established neighborhood.
Repairs: Carpet cleaning, possible touch up paint, replace 5 to 6 windows, clean and drain pool, replace fence or just repair broken areas of it
We are thinking 5k to 7k in repairs
Zestimate: $123,500
Eppraisal: $111, 546
ARV: $100,000 (us being modest, distressed homes in the area sold for $70k to 80k)
Our Purchase Price: $50,000
Asking Price: $65,000 (leaving room for negotiation of course)
Is this something you as an investor would buy? If so, why? If not, why?
Thank you!
Most Popular Reply

What real evidence do you have for the ARV? You've provided nothing. I have a house right now that has a zillow estimate of $200K. I'm selling, and have it under contract for $172.5K with $7500 in concessions.
If you have it under contact at $50K, take $55K and do the next deal.