Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 2 years ago, 10/12/2022
I Think I Found a Deal
I found a property on an MLS service in south Los Angeles priced at $425k and with an estimated ARV of $699k. I have about $1k to make this deal work and I calculate about $35k in repairs. I want to potentially wholesale or do an Novation agreement because I wouldn't want to buy and hold there. I haven't talked to the listing agent because I wouldn't know what to say. Any advice on cementing a deal like this would be appreciated. Thanks.