Estero Fl Bungalow

[Stephen Fryer]

Hi Guys.

I'm a newbie investor in the RE biz. I started last summer by buying a duplex (buy and hold). This is my first effort as a wholesaler, so I would be interested in any feedback (does it create value for you as an investor?).

Property Details:

3 beds/2 bath bungalow

Just over 1000 sq ft.

ARV 118K.

Needs a new roof. Inspector estimated 10-12K in repairs.

Asking 70K. There is tenant in place and he wants to stay. Long story short, it's the previous owners son and he is not paying rent. Two bed/1bath around the corner recently rented for $900/m, which would provide about $500/m cashflow.

Please let me know if there is any interest and I would welcome any constructive advice.

Stephen