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Updated almost 3 years ago on . Most recent reply
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[Calc Review] Help me analyze this deal
This would be my first wholesale deal if the numbers work. Any help you can offer is appreciated. It's being sold by owner and has been listed since 2019 with a steady increase in the asking price.
*This link comes directly from our calculators, based on information input by the member who posted.
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Hi @Gabriel Flynn, that is going to be a tough sell. $35,000 for a gut reno at that size is likely a little low. Especially if it is a teardown.
Additionally, the flipper is not making a ton of profit on that, especially with all the work required. If you can sell it, that would be great but the numbers are not looking too favorable. That's just my two cents.