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Updated almost 6 years ago, 01/04/2019

User Stats

16
Posts
3
Votes
Shakia Morrison
  • New to Real Estate
  • Boston, MA
3
Votes |
16
Posts

Should I take this deal or keep it moving?

Shakia Morrison
  • New to Real Estate
  • Boston, MA
Posted

I accidentally offered too much for a wholesale deal. They were asking 299 and I offered 270. They responded that they would consider 280. I'm going to offer 275. I am wondering if I can still make a decent profit after all the fees associated with closing. The property is a 2100ft 4 br home with attached commercial space and finished basement. It is located near the beach in a decent area of New Bedford MA and the seller says it can be made into a duplex if you don't wish to use the business space. I also kinda just want to go through with it just to learn the process and I am anxious because this would be my first deal. It is simple, no realtor involved and I already have a title company and contracts lined up. What do you guys recommend ?

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