newbie

[Edward Figueroa]

Hello everyone,

My name is Edward Figueroa and I am seeking advice on my first property to wholesale in Irving,TX. I have flipped around 5 properties in my time, but never wholesale. Money is tied up for me to rehab this house. The seller has offered his property to me for $60k (my fee is already included in the price). I had my realtor run the comps for me and indicated the ARV average will be $81.95sqft = $124,810 and the max - $101.50sqft = $154,845. I have concluded that the rehab cost will be $30k-$40k. Is there potential there for an investor to be interested? I do not fully grasp the double closing. Also, can I use the TREC contract? Or is there an "assignment contract" that everyone uses.

Thanks,

Edward

Oak Cliff Development Ventures, LLC