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Updated over 8 years ago on . Most recent reply

Jarrell Holmes's profile image
Jarrell Holmes's profile image
Jarrell Holmes
  • from Detroit, Michigan
  • Member since Nov 20, 2016
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13
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4
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Jarrell Holmes's profile image
Jarrell Holmes's profile image
Jarrell Holmes
  • from Detroit, Michigan
  • Member since Nov 20, 2016
Connect
Jarrell Holmes
  • Detroit, MI
4
Votes |
13
Posts
Real Estate Deal Analysis & Advice

HOW WOULD YOU APPROACH THIS

Jarrell Holmes
  • Detroit, MI
Posted

I'm looking to wholesale an investment property. The seller has a property that he wants to sell and make at least 20K. He has tenants that has lived in the property for 3 1/2 years paying him $750/ month. He also has $1200 in back taxes from 2014 (the plan on having him pay those himself). How do I analyze this potential deal seeing that he already has tenants. Repairs shouldn't play a major part as long as nothing major needs work because there already people living there. Can someone give me some insight?

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Account Closed's profile image
Account Closed's profile image
Account Closed
  • Real Estate Investor
  • from Fresno, California
  • Member since Sep 30, 2015
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Account Closed's profile image
Account Closed's profile image
Account Closed
  • Real Estate Investor
  • from Fresno, California
  • Member since Sep 30, 2015
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Account Closed
  • Real Estate Investor
  • Fresno, CA
9
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133
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Account Closed
  • Real Estate Investor
  • Fresno, CA
Replied

Congrats go out and make.

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