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Updated almost 9 years ago on . Most recent reply
Wholesale deal
I have posted about this property before trying to get an idea of weather it is a deal or not and the consensus was that it was not a deep enough discount before. Now the seller has contacted me again and I have renegotiated with them.
The house is in the 28277 zip code in Charlotte, NC right off of Rae Rd East Ballantyne area I think they call it. Its a nicer neighborhood than I have ever tried to negotiate a deal in which is why Im not sure about it. Arv is $240,000 conservatively. Highest comp in the area was $266K. Lowest was $225K. It needs about $20K in repairs (cosmetic stuff). The more expensive things are in good shape, new roof, new ac unit, good hw heater. Its a 4x2 no garage. I would assign it to a flipper for $185K.
If this sounds like a good deal to anyone, please message me and if it doesn't sound like a deal then please comment and leave me your thoughts! I'm a new wholesaler and could always use the feedback.