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Updated over 11 years ago,

User Stats

18
Posts
0
Votes
Ricky Lopez
  • Wholesaler
  • Mobile, AL
0
Votes |
18
Posts

Presenting wrong or not a deal

Ricky Lopez
  • Wholesaler
  • Mobile, AL
Posted

I just put a house under option for 14 days. I have buyers in mind, but after speaking to the first one he gave an indication that my deal was more inside a rental market and people probably wouldnt want to sink that type of money in, which could be the case, but seems to me like a descent family neighborhood.

The Deal

1)House (3bd 2ba 1100sqft) comps for around 80,000

2)Put under option for 30,000

3) The house does need repair and I have done really conservative repair estimates, coming up with a number around 30,000 just to be on the safe side and not give any surprises to a buyer.

4) I was looking to assign contract, after exercising my option, for 32000

Any suggestions on a different way to market this deal or am I looking at the wrong angle and marketing a non-deal.

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