Real Estate Wholesaling Questions & Answers

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Renae Pinkney
  • Forestville, MD
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First Wholesale Appt Help OR Educating Seller on Options

Renae Pinkney
  • Forestville, MD
Posted Jul 26 2019, 09:47

Baltimore 21212 Property 

Seller is motivated to sell because she doesn't want 2 mortgages has family member there but not getting a profit. 

ARV= 167,767 (I used Propstream for Comps kinda iffy because the home is 3bd 1.5 bath comps I've found are 3/2 and not within 10 years of house built in 1985)

Repairs- I've estimated to be 16,200 using sq footage 1080 x $15 for moderate repairs she hasnt lived in the house since 2011 

Seller has mortgage balance of $93,852

I've adjusted my profit to 5k to cover mortgage however using a offer calculator these were the numbers I got:

first offer 76,990 second 81,801 max 96,237

Besides offering the seller a cash offer which with the first two offers wont help her any what other options should I present to this seller? Or should I just move on because Im not offering any real help?

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