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Updated about 11 years ago on . Most recent reply

User Stats

47
Posts
1
Votes
Wesley Merriweather
  • Real Estate Investor
  • Sacramento, CA
1
Votes |
47
Posts

This is my second deal........Please Analyze this Deal

Wesley Merriweather
  • Real Estate Investor
  • Sacramento, CA
Posted

Hello BP,

I wholesale in Augusta and I have a deal I have been looking to sale and at this point I need to sell ASAP so want to make sure that the deal presented is a good deal for my end buyer which is my number 1 objective.

2BR/1BA

ARV 68k to 71k (Conservative)

Reapirs 6k to 7k (Contractor approved the repairs to total $6500)

Selling Price 31k

Rent Rate $700+

Its a great location and neighborhood, about 3 blocs from where The Master's take place.

From the input recived from other buyers they are not a fan of the 2/1 but this is too good of a property to see if fall at the waist side. Can you tell me your thoughts on this being a good deal or how could it be better? I may be second guessing my idea of getting this property sold but your help would be appreciated.

Any suggestions on what I could possibly do? Thanks everyone in advance

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