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Updated over 8 years ago on . Most recent reply

User Stats

72
Posts
25
Votes
Tracy Sharpe
  • Investor
  • Fort Worth, TX
25
Votes |
72
Posts

Help in Analysis of a potential assignment

Tracy Sharpe
  • Investor
  • Fort Worth, TX
Posted

I am not sure if I analyzed a particular deal and wanted some feedback.

I know a person who has a house valued at $152,000 according to Zillow. He owes $77,000 on his current mortgage. I am estimating $20,000 in Rehab. Additionally, the seller wants $30,000 for himself. I want to walk away with $5000. I am calculating $10,000 for the investor. What should I offer the seller in order to meet the requirements of this transaction. I used the flipper calculator but I am not sure if I did it correctly or even if I know what I am doing. The house is located in Texas, Denton County. Please provide feedback.

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