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Updated almost 9 years ago on . Most recent reply

User Stats

5
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0
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Matthew Minteer
  • Investor
  • San Diego, CA
0
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5
Posts

Making a deal on condo with 90,000 ARV in Tampa

Matthew Minteer
  • Investor
  • San Diego, CA
Posted

Hi BP,

I've just got my first lead on my wholesaling campaign and am looking for advice on how much to sell it for to a cash buyer in the Tampa area. It's a 3/2 Condo with approximate ARV of $90,000 and in need of renovation(will find out how much rehab is needed today).

Considering the current market in Tampa, what would be a good percentage of ARV minus repairs to entice Cash Buyers(knowing condos can be a tough sell)? Or are Condos a no go for Cash Buyers in this market typically speaking? Thanks for your input! If I left anything out, please don't hesitate to let me know :)

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