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Updated over 14 years ago on . Most recent reply

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!
Most Popular Reply

- Rental Property Investor
- Mercer Island, WA
- 14,128
- Votes |
- 22,059
- Posts
What real evidence do you have for the ARV? You've provided nothing. I have a house right now that has a zillow estimate of $200K. I'm selling, and have it under contract for $172.5K with $7500 in concessions.
If you have it under contact at $50K, take $55K and do the next deal.