Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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.
Real Estate Deal Analysis & 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 over 11 years ago,

User Stats

131
Posts
17
Votes
Wes Brumit
  • Homeowner
  • Longview, TX
17
Votes |
131
Posts

First deal, please analyze

Wes Brumit
  • Homeowner
  • Longview, TX
Posted
I have a seller agreeing to a sell price of $23,500. House is 1278 sqft, 3 bdrm 1 1/2 bath. Based on local comps, 6 months back, no further than 2 miles away (5 different homes) i believe ARV would be $50-$52 per sqft. Repairs calculate at $15k on the high end. Im looking at profit of $5-6 k so my wholesale price will be $29.5 - $30.5k Does this sound correct?