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 10 years ago, 06/25/2014

User Stats

8
Posts
3
Votes
Jason Wrice
  • Real Estate Investor
  • Norcross, GA
3
Votes |
8
Posts

Help! Is this a deal I should pursue?

Jason Wrice
  • Real Estate Investor
  • Norcross, GA
Posted

Hi BP,

Here's the deal I'm contemplating....

Seller moving out of town and needs to sell to pay mortgage. I have negotiated the price to 170K. Home is located in Alpharetta, GA, which is a great city outside of Atlanta. Recently sold homes in the neighborhood sold this year average out to be 225K.

This home needs the roof repaired and cosmetic upgrades. I am a beginner and don't want to get into rehabs just yet. I'm looking to assign the contract to an end buyer but I am unsure if this is a deal for the end buyer who's looking to flip and hold/sell.

To me this a good deal, but I'm nervous that I won't be able to find a cash buyer. Yes I have the appropriate out clauses in my contract but its my first deal and I'm just not confident!

Not looking to make a fortune, just looking to complete my 1st deal.

Any advice would be appreciated!!

Loading replies...