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Wholesaling

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Federico Ramos
  • Real Estate Investor
  • Philadelphia, PA
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real life example

Federico Ramos
  • Real Estate Investor
  • Philadelphia, PA
Posted May 15 2010, 09:15

X Guy wants $174.000.00 for a duplex. He owes 105.000.00. he's had 8 back surgeries and doesn't want to be a landlord anymore. montly house expenses come to $868 (mortgage, insurance, taxes) first floor rented for $750 second floor rented for $775. that's $657 cashflow! repairs stimated to be at around $5000. i haven't been able to find any comps that relates to this particular property. any thoughts and/or suggestions on this deal? i want this deal to be a win win win... but hesitant about how to approach the owner with a deal.

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