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Updated over 6 years ago on . Most recent reply

User Stats

21
Posts
6
Votes
Hugh Nelson
  • Investor
  • Ashburn, VA
6
Votes |
21
Posts

What do you think of this deal?

Hugh Nelson
  • Investor
  • Ashburn, VA
Posted

View report

Seller is very motivated to sell her mother's former home, which is currently in a hoarder condition (hoarder was evicted). I have good comps that show the ARV is about 264,000. We are estimating rehab costs, but offhand I'm estimating $40,000. I prefer to hold, if I can, and I'll ask for a seller balance carry-back, but I think she wants the cash. BRRR seems like a good strategy, but what would you recommend? Thanks!

*This link comes directly from our calculators, based on information input by the member who posted.

  • Hugh Nelson
  • Loading replies...