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Updated almost 6 years ago on . Most recent reply

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7
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Corwyn Patterson
  • Birmingham, AL
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7
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Advice on a possible deal

Corwyn Patterson
  • Birmingham, AL
Posted

So I have a situation I need some advice on. I have a seller who has a home mortgage free. They are looking to sell soon. Apart from being mortgage free the home has new roof and new windows throughout. Home is currently valued as is $104k and would sell for $105 to $115 on current market.

Seller is asking $80k cash and home needs some updating which is estimated at roughly $20k. What options do I have? I was considering doing a flip but I’m more into wholesaling it with an investor. Is this a deal an investor would go for?

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