Updated over 9 years ago on . Most recent reply
Wholesaling opportunity - need your help!
I've recently acquired a property and a couple of days later, received an offer to sell it. I had planned to make it a rental and believe I could cash on cash 15% on it if I rent it out.
I acquired the property for $100,000 with the seller paying $5,000 to closing costs.
The offer is for $110,000 with the 6% seller's fee being included in that amount and their closing costs rolled into the loan.
Can someone help me break this down to see if it's a good deal or not?