First wholesale deal in Newark, NJ

[Erik Pedersen]

I am a new wholesaler and I am about to put a house under contract tomorrow.

SO the place is totally renovated on the top floor - move in ready.

The bottom floor needs quite a bit of cosmetic work, but is nothing structural or huge.

Sellers asking price: $72,500

ARV: ~150k

Repairs: 20k (being safe - will probably be less)

My fee: $2500.

So my asking price is 75k.

http://emailrpt.gsmls.com/public/show_public_report_rpt.do?report=clientfull&Id=85004066_556578

These are the only comps my realtor could find...

Thanks for any help!
Erik