Real Estate Deal Analysis & Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 14 years ago, 11/23/2010
Please Analyze This Wholesale Deal
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!