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Updated about 2 years ago, 10/12/2022

User Stats

45
Posts
11
Votes
Guillermo Vladimir Robles
  • New to Real Estate
  • Los Angeles, Ca
11
Votes |
45
Posts

I Think I Found a Deal

Guillermo Vladimir Robles
  • New to Real Estate
  • Los Angeles, Ca
Posted

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.

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