Hot Deal on My Hands??
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