All Forum Posts by: Thomasina Singleton
Thomasina Singleton has started 1 posts and replied 11 times.
Post: First Time Wholesaling
Thomasina SingletonPosted
- Real Estate Investor
- Temple Hills, MD
- Posts 11
- Votes 0
I am Newbie and getting different information on how to do this deal...please advise, before I commit tonight.
I have a property I just looked at with the realtor. There is no mortgage on this property, clean title. The property needs to be sold very quickly before it goes into probate.
List price is $79,000.00.
ARV $173-194,000.00
No Mortgage
Cost of Repairs $35-40,000.00
My Suggested Contract Offer: $27,000.00 to the seller
My Suggested Contract offer to the rehabber - $112,450.00 (65% of the retail value)
Which is the best way to go with this contract?
Assignment and/or Double Closing?