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Updated almost 8 years ago on . Most recent reply

User Stats

18
Posts
6
Votes
Jason Truesdale
  • Wholesaler
  • Lebanon, OH
6
Votes |
18
Posts

Chance at Great Return!

Jason Truesdale
  • Wholesaler
  • Lebanon, OH
Posted

I have a deal in Ohio on a high end home that has become bank owned. The home is just under 10,000 square feet and needs about $150k in rehab cost (this is an early estimate, our assumption is it could be less). The ARV on this home is $1 million dollars and was purchased back in 2006 for $1.2 million. I have all paperwork to back up these numbers and will forward them on request. I am in need of $600k which includes purchase price and rehab. I'm willing to give a high return (10% to 15%) on this deal with hopes of doing future business. Thanks!

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