Wholesaling Property in Athol, MA

[Patrick Sullivan]

Hello Bigger Pockets,

I am wholesaling a deal in Athol, MA (Worcester County)

The seller has owned the property for approximately 2 years. Property still needs work, though seller is willing to sell "as-is" for 80-90K (because that is the total she paid for and put into the property). The primary motivation for the seller is that she would like to get the cash reserves to pay off her mortgage on a condo she owns in Northborough, MA. The basic property components go like this: 4 bedrooms (1st Floor); 2 bedrooms - 1 single, 1 split (2nd Floor); 4 bedrooms and 1 separate room (3rd Floor). There are also 2 full baths and 2 kitchens, with a separate "cabinet quarter" in one of them. The property is on approximately 0.42 acres. There also appears to be all new electrical (from what I observed and what owner explained), and there is new baseboard with a mix of pre-existing radiators throughout the property. The 2 furnaces and 2 boilers are only a few years old. The surrounding neighborhood is well-kept.

In terms of the assignment fee, I expect anywhere between 3-6% of closing costs, which is the industry standard range for assignment fees. Exact percentage will be determined based on situation and amount of due diligence put into a deal.

Any interest or questions about this deal please contact me (Patrick) directly @ (978) 549-0853



Thanks,

Patrick S.