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Updated almost 3 years ago on . Most recent reply

Wholesale question: should I go through with this deal
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

- Rental Property Investor
- New Orleans, LA
- 467
- Votes |
- 636
- Posts
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
