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Updated over 7 years ago,
Possible JV deal to get my foot in the door.
Good Morning BP family, I have come across a possible STEAL deal. property is FSBO and he is firm on his asking price of $110k & wants to sell ASAP. his reason for selling is to purchase equipment for his winter business. long story short, i ran my numbers and comps on the property (realestateabc.com) and this is what I've come up with...Asking price is $110k, ARV of property $248,568 minus aprox. $10k for repairs. I don't mind spreading the wealth so I'm looking for a partner to tag team with so we can close this deal quickly but i also want to work with somebody that can make sure i have every step correct and prepare for my next deal. I'm not looking for an easy way out, just some guidance along the way.