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Updated almost 6 years ago,
Handyman special vs. fixer upper
So I came across a deal from a colleague in Marietta Georgia . He tells me he was able to get a property under contract for 32k. Repair costs are roughly 60-70k. The ARV is 160k. He feels as though this property shouldn't be for the average investor but more of a handyman or a contractor who could get supplies and labor much cheaper than your typical cash buyer. My question is how much more could a contractor/ handyman carve out of a deal like this? Could they possibly cut out 15-30k?