Updated almost 13 years ago on . Most recent reply
$30k Wholesale Breakdown
Laydown deal, call came in inherited property.
2116 Lemon Ave. Escondido, CA 92029
Locked up for $304,500
Repairs - $50,000
ARV - $450,000-$480,000 (Tough one to comp out)
Sold for - $335,000 (Assigned the contract, buyer paid all closing costs)
One buyer viewed the deal, I visited the deal once.
Helped relocate the tenant into a vacant house I have available to me for a few months, me and the seller each paid $1,000 for two months rent to help the family friend out who was living in the house. They moved out right away.
Rehab begins April 1st, closed on March 21st.
Deal came from a mailer.