All Forum Posts by: Frantzces Lys

Great information @Darrell Jones I really appreciate. I really want a win win solution for everyone in the deal. So I will take that into serious consideration.

Hi Everyone,

I have a question. I am hoping that this will be my first wholesale deal. I have a motivated seller who owns a condo in a very sought out neighborhood in DC. It's a 1 bedroom 1 bath condo about 502 sq. ft. Condo fees are $467, yearly taxes are $2,062. It's in poor condition. Condos are selling for $300k in the building. The taxed assessed value is $242,600. 

Things that need renovating:

The kitchen

The bathroom

New floors (or rebuffed)

All new paint

New cabinets

All new appliances

New counters

I have an investor that is willing to offer $150-200k for it. I think this would be a good price for the owner, she is elderly and needs some savings.

What would be a reasonable wholesale fee be? I have a hard time factoring those numbers and what a good rule of thumb is.

Thank you in advance!

Thank you @Dmitriy Fomichenko for the welcome and the great tips!

Thanks! @Joshua Dorkin I've just completed my analysis paralysis which has lasted what it seems like forever, I'm looking forward to reading these articles to serve as a reminder to not go back. Whatever we are thinking, doing always prevails!

Welcome! @Kevin Miller You're in great hands. I'm in MD so not too far from you. I'm just getting started after a year of analysis paralysis or paralysis analysis but I've also been a full time real estate agent for this past year. There's tons of information but you just have to dive in and everything is trial an error. Good luck!

Thanks! The site looks amazing! @Mehran K.

Thanks everyone! I appreciate it.

Great video as always. Finally decided my niche and strategy. Thanks Brandon!

Thank you! @JonKlaus 

Hi BP!

I was a member about a year ago, then forgot my password and deleted the email associated with the account. Now I'm back with a "new look". I'm looking forward to getting to know all of you, learn, grow and be of service!