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Updated 10 days ago, 11/11/2024
Wanna be a surgeon? Dissect this deal with me.
Hey everyone, im new to this community but always wanted to be in real estate. Last week I acquired my FIRST wholesale deal! I'm looking around to find some investors to take it from me and just feel a little lost with dispo, i want to make my deals super sweet sugar coated cherry on top for all my investors on my list so what i ask is if you can rip apart this deal for me and make sure i have enough meat on the bone for my investors, below are the stats
First off address, 1011 Richard Bell Ave Perry FL
Purchase price $110,000
Seller says the bank is willing to let go of mortgage for $91,000
ARV $180,000-$200,000
Needs new roof (20 years old) and central ac system went down about a year ago (around 4k for 3 ton ac)
Ive been in roofing for about 2 years and im estimating the roof will cost between 18k-20k
I take constructive and negative criticism very well and i only want to improve, no opinions are unwelcome i want full scrutiny with this deal please.