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Updated over 12 years ago,

User Stats

15
Posts
1
Votes
Johnneice Ferguson
  • san antonio, TX
1
Votes |
15
Posts

Please help with first potential deal.

Johnneice Ferguson
  • san antonio, TX
Posted

I"m working on my first wholesale deal and had some questions. I found a seller that wants to move into another home using the money from the sale of her home as a down payment. The house was willed to her by her mother who passed away over 4 years ago. The thing is seller never got the property put in her name. Is this something that can be resolved at closing or should I not work this deal due to the property still being in her deceased mothers name? Also the arv on the home is about $60k seller wants $40 but will except less. The home needs about $15k in repairs and I would like to make at least $3k on the deal. How should I work the formula to be good a deal for investors? And what sould my offer price be? Any help would be greatly appreciated.

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