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Updated over 11 years ago on . Most recent reply

Charlene Blandon's profile image
Charlene Blandon's profile image
Charlene Blandon
  • from Houston, Texas
  • Member since Oct 23, 2013
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Charlene Blandon's profile image
Charlene Blandon's profile image
Charlene Blandon
  • from Houston, Texas
  • Member since Oct 23, 2013
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Charlene Blandon
  • Houston, TX
0
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Real Estate Deal Analysis & Advice

Deal or No Deal?

Charlene Blandon
  • Houston, TX
Posted

House is a 2/1 1940. Homeowner wants $25k. There is only 1 recent comp. also for around $25k. House has recent upgrades to kitchen and bathroom. Also has recent siding. It will need foundation repairs, paint, carpet, and tile in kitchen. Rent rates from $650-$750. As a wholesaler, should I put an offer in? I think it could be a good investment property but won’t meet the 70% ARV most investors are looking for.

Thoughts?

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