Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Wholesaling
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 3 years ago on . Most recent reply

User Stats

19
Posts
15
Votes
Devante Henry
15
Votes |
19
Posts

Wholesale question: should I go through with this deal

Devante Henry
Posted

I am looking to put a deal under contract to assign the seller is ready to do it but I don't know if it's a good deal or if anyone would take it what do you guys think?

ARV=$344K

price=$260k

Repairs= $8-10k

1 bed, 1bath, currently occupied as a rental

Most Popular Reply

User Stats

636
Posts
467
Votes
Stephen Keighery
  • Rental Property Investor
  • New Orleans, LA
467
Votes |
636
Posts
Stephen Keighery
  • Rental Property Investor
  • New Orleans, LA
Replied

If you don't know if it is a deal don't put it under contract. Speak to some cash buyers first and see if they would want it. Also keep educating yourself so you become confident of what a deal is. Putting something under contract that you don't know is a deal or not and that you aren't intending to buy yourself is unethical. There is a seller on the other side and you need to make sure you can do what you tell them.

I am not trying to discourage you, I am trying to encourage you to keep working on your knowledge so you can create a real real estate business.

  • Stephen Keighery
business profile image
Home Buyer Louisiana
5.0 stars
17 Reviews

Loading replies...