Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 12 years ago on . Most recent reply

User Stats

3
Posts
0
Votes
Allison Chronister
  • Mc Keesport, PA
0
Votes |
3
Posts

Can I make this a deal?

Allison Chronister
  • Mc Keesport, PA
Posted

I have a motivated seller but this would be my first wholesale deal and I'm not positive I can make this deal work.

It is a 3 Bed / 2.5 Bath Townhouse

ARV $105,000
Estimated Repairs $2,000 (clean-up from tenant, paint, carpet)
Remaining Mortgage Balance on the house $85,000

The seller was renting it out for $990 / month
Looking to sell ASAP but obviously won't take less than $85K

Is there anyway I can work these numbers for it to be a good deal?

He is open to seller financing, but I'm not sure how to set it up to make it work...

Thanks for any advice!

Loading replies...