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Updated over 11 years ago, 08/18/2013
Please help analyze Texas deal, desperate need to come up with an answer today!
Its wholesale deal in Texas, Bell country, near military
base
buyer asking quick closing 5-7 days, so has to be a cash buy
It's a Single Family:1,588
sq ft in a really nice neighborhood, Built in 1983, overall
good condition
asking price 71,000
anticipated repairs 10,000
closing cost -paid by seller hopefully
comps:
1)$110,000 for 1,440 sqft house Closing Date: 03/06/2013,
2)$92,700 for 1,332 sqft house Closing Date: 06/04/2013
3) $93,900 for 1,250 sqft house Closing Date: 06/28/2013
it can be either flip or hold as a rental
comps for rent $900-$1100