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Updated over 2 years ago,

User Stats

8
Posts
6
Votes
Roberta Kelly
6
Votes |
8
Posts

Need help, first wholesale deal for St. Louis Missouri

Roberta Kelly
Posted

I have a contract, property ideal for house hack or flip. I am not sure if I should market wholesale deal to Investors in Missouri or any investor within our Investor community?

Property reverse mortgage, balance due  205-213K, quit claim deed to a family member, title open, the home will go into foreclosure.

Market value $248K up to 410K great location- ARV for flips will support 410K if total rehab, add square & bath: renovate the basement for additional room & bath, or add a room onto the rear of the home or add the second story.

ARV 405, estimate repair 60-67K, need to profit 15K, 1656 sqft, price per sqft $230.00, year built 1954 will need foundation, roof, total updating, currently occupied, not on the market.

3/2/1, full basement, single-story, across from a park, (University City, St. Louis Missouri easy commute to Washington University, etc.)

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