All Forum Posts by: Ryan Dillis
Ryan Dillis has started 1 posts and replied 3 times.
Post: Property under contract (good or bad deal)
Ryan DillisPosted
- Contractor
- Richmond, VA
- Posts 4
- Votes 2
Yeah I ran numbers and it’s way too tight for a investor to buy I just wanted a outside opinion. On the positive I have rights to market myself off the property so I have signage on it that promotes my wholesaling on a high traveled road.
Post: Property under contract (good or bad deal)
Ryan DillisPosted
- Contractor
- Richmond, VA
- Posts 4
- Votes 2
Hey all,
I have a property under contract that I’m looking to assign. The comps are 125-135 for this type of property. 2/1 1.1sqft built In 1940 but it has 1.21 acre which is why I took this deal over the price I Set for myself. It needs rehab work with a half tare out I’d say. If you were to purchase this property what would a ballpark figure be. Contracted for 73.5k I wanted it for 50-60k I think the numbers are too tight to be worth it.
Post: Deal turned down bc of my “$1” earnest money..
Ryan DillisPosted
- Contractor
- Richmond, VA
- Posts 4
- Votes 2
@Calus Glispie
I just got a property under contract for 100$ EM but I sweetend it by paying the home owner 150$ cash aside from the deal. You can get cheap EM deposits but with my method you can risk losing a little; so only take the deals where the numbers work!!