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What Do You Think About These Deals???

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Posted Aug 3 2008, 10:56

At last! I think I have found 3 properties that I am interested in making offers on. I will give you a brief description of each. I would like your feedback on what you think about the deal.

NOTE: I am going to be getting these under contract and then assigning my contract to other investors.

Deal #1:

Vacant SFH
4 BR/2 FB
1,482 SF Enclosed Area
Land Area: 5,000.00 SF

Asking Price: $230,000
Potential Purchase Price: $195,000
After Repair Value: $282,562
Repair Value: $17,000
Equity/Spread: $70,000
Assignment Fee: $10,000

Deal #2

Vacant SFH
4BR/1FB
920SF Enclosed Area
Land Area: 9,628.00 SF

Asking Price: $199,000 (already being sold $40,000 under value)
Potential Purchase Price: $180,000
After Repair Value: $261,601
Repair Value: $17,000
Equity/Spread: $64,000
Assignment Fee: $10,000

Deal #3

Vacant SFH
3BR/2FB
980 SF enclosed area
Land Area: 8,280.00 SF

Asking Price: $215,000
Potential Purchase Price: 190,000
After Repair Value: $315,000
Repair Value: $10,000
Equity/Spread: $115,000
Assignment Fee: $15,000

I look really forward to your opinions, suggestions, or thoughts, or simply, an approach you would take. I am planning on making these offers to the realtor tomorrow.

Thanks again!

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