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Updated over 11 years ago,

User Stats

126
Posts
52
Votes
David Fritch
  • Real Estate Broker
  • Pasco, WA
52
Votes |
126
Posts

My first wholesale?

David Fritch
  • Real Estate Broker
  • Pasco, WA
Posted

I've come across a good deal that I don't have the resources to do myself. It's a 3 BR 2 BA + GAR 1450 sf in a really nice neighborhood in Kennewick WA. It's been kept up well but the roof is needing replaced (no current leaks, recently patched) and it needs all new carpet.

It's worth 125k as it sits. 8k in improvements would push the value to 145k. The owners owe 93k and want 10k to walk with so I can get iyt for 103k.

On the rental market with just new carpet it would bring $1,000 to $11,000 a month.

Based on those numbers is it worth getting involved in and what would I stand to make buy finding a buyer.

Thanks in advance for your input.

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