Updated over 10 years ago on . Most recent reply
Possible wholesale deal. HELP!!
Hello everyone
This would potentially be my first deal so im a bit nervous as to how to proceed or where to move forward. I've found a property, 1900 sq ft 5br 2.5 ba. It is in foreclosure and im waiting for a response from the bank's representation. Its needs a full renovation from top to bottom.
I'm a little shaky on the comps though. The house next door is worth about 320k, a couple houses down is a 6br 3ba and says its worth about 700k. As is condition says the house i'm looking at is worth $209k and is selling for $99,000.
I need you guys' advice. Is this a gem? Should i really push and see where this can take me? I live in NYC so i'd love to partner up with some people and make things happen.