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Updated over 5 years ago on . Most recent reply

User Stats

29
Posts
9
Votes
Tue Huynh-Nhut Vo
  • Rental Property Investor
  • Houston, TX
9
Votes |
29
Posts

[Calc Review] Good Deal?

Tue Huynh-Nhut Vo
  • Rental Property Investor
  • Houston, TX
Posted

View report

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

We decided to forgo the deal because our rehab bids were around 40-45k and our best option HML rate was 15% and 5.5pts. 

But, then I managed to talk it to 35k. Wholesaler wanted 50k, but is now willing to negotiate the purchase price. He said it would be an assignment of contract so I'd like to bring the deal back on the table one last time.

ZIpcode: 77051
3/1 950sqft

Scope of work include:

Hardy board and paint all exterior. 6ft tall 70 linear feet wooden fence.

Windows, all interior doors, opening up kitchen/livingroom wall, new cabinets and granite, replace woodsiding with 1/2in sheetrock, full restroom remodel with standing tile shower, luxury vinyl flooring, all paint jobs and sheetrock repair, and any minor electrical and plumbing. 

I'll meet one last time with my partner about this deal and then move on. Any advice or referrals would be greatly appreciated. 

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