All Forum Posts by: Glenn Daniels

Yes, I will be there>

I have been trying to put together a good wholesale deal. I would appreciate your feedback once again on this deal to see if I should pursue it. I would be interested to hear any constructive comments.

Area Location: Northeast Denver
Square Footage: 1219
Bedrooms: 2
Bathrooms 3
Two Levels
Style: Condo/Townhouse

Financial Information:
Comparables: $169.725
Assessors: $189,600
Bank of America $173,700
Average Rental $1050
ROI .14 (.65 factor used)
Rehab cost maximum $30,000 (should be less)

Asking $59,000
$1000 Earnest Money

I am hoping that this will be a quick wholesale deal

Thank you all it is a learning process

I want to have the deal wholesaled before I close. My goal here was to take control and then give control to someone else quickly and cheaply.

Of course I will keep you up to date.

Purchase Price $139000 (includes my fee)
After Repair Value $163400
$4000 Repairs

Rents in area for this size of home $1050
Sqft Ft 978 plus fully finished basement

Please give useful feedback. I already have property under contract so I need to move quickly. Help Me Learn