Wholesaling - Warranty Deed

[Kaylan Haight]

Hi everyone! I am fairly new to wholesaling and have a question regarding a lead I have…

So, I have a 3 bedroom, 2 bathroom and 1,500 SQFT property that has an ARV of $361,500 and needs to be completely remodeled from inside and outside maybe $60-80k worth of repairs. It also has a warranty deed of $225,000. I am trying to figure out if this is a good deal or not, and don't want to get too caught up stressing.

If anyone could help, I’d be grateful. Thank you!

[Don Konipol]

@Kaylan Haight

$60-80k won’t “completely remodel from inside and out”. You need to double that number, unless you’re talking about repairs, not remodeling.