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Updated about 10 years ago on . Most recent reply

User Stats

115
Posts
11
Votes
Sherri D.
  • Michigan
11
Votes |
115
Posts

Putting together a deal and need advice

Sherri D.
  • Michigan
Posted

Hello, I am relatively knew to real estate investing and I've started out with wholesaling. Now I'm putting a deal together that has significant profit potential for any investor. There are 4 properties right next door to each other I'm looking to wholesale. The properties are 2 SFR, 1 apartment house (10BR, 4BTH) and an 1,800 square foot garage/warehouse all worth $788,000 on the low end. My question is, how much information do I need to market the deal? I'm trying to sell these properties for only $550,000. Even after repairs there is still over $100,000 of profit potential for anyone who buys them. Not to mention, even if that person wanted to keep them they are right in the middle of an up and coming development which would be very good for the long-term value and cash flow. I'd look into keeping the deal myself except as I said, I'm just starting out so a project of this magnitude for me to keep is beyond my comfort level. I know there will be other deals down the road I'll decide to keep. Any advice would be greatly appreciated!! Thank you!

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