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Real Estate Deal Analysis & Advice

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Hot Deal on My Hands??

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Posted Aug 3 2008, 10:54

Good morning everyone,

I hope your week has been good so far.

I need your analysis of this possible deal that my realtor tossed my way.

Seller is facing foreclosure. In order for the seller to stop the foreclosure she will be paying $12,000. The ARV is $349,900. She is willing to sell me the property for $270,000 (which is the amount she owes on the property). I am planning to wholesale this deal to an investor for $280,000.

Tell me your thoughts please.

Some details about the property:

Townhouse
BR: 3
FB: 2
HB: 1
Style: Colonial
Construction: Brick
Repairs: Updates throughout

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