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Updated about 14 years ago, 11/23/2010

User Stats

28
Posts
31
Votes
Brandi Williams
  • Real Estate Investor
  • North Carolina
31
Votes |
28
Posts

Please Analyze This Wholesale Deal

Brandi Williams
  • Real Estate Investor
  • North Carolina
Posted

3 bedroom 2 bathroom split level single family home
Wood floors, carpet in bedrooms, Fenced in backyard with pool, corner lot in established neighborhood.

Repairs: Carpet cleaning, possible touch up paint, replace 5 to 6 windows, clean and drain pool, replace fence or just repair broken areas of it

We are thinking 5k to 7k in repairs

Zestimate: $123,500
Eppraisal: $111, 546

ARV: $100,000 (us being modest, distressed homes in the area sold for $70k to 80k)

Our Purchase Price: $50,000

Asking Price: $65,000 (leaving room for negotiation of course)

Is this something you as an investor would buy? If so, why? If not, why?

Thank you!

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