Wholesaling in Pennsylvania

[Lawrence Patterson]

If you have a property that is a 2BR, 1 BATH with finishing the basement to make it a 3br. Owner asking price 35,680 but 10,000 will get you the keys and 6% interest only payments of $173/mo with a balloon payment of 34,610 due in three years. It does need 15,000 in rehab work. ARV 62,000 with seller financing in place.But it has great cashflow potential. Would it be worth putting an offer on?

[James Mc Ree]

You won't be able to market it as a 3 bedroom if the basement is below grade.

Jim.