Deal for a buy and hold investor?

[Kevin C.]

Hey folks

I could use your perspective on a potential deal I'm working on.

I want to know if this may be worthwhile to market to buy and hold investors .im concerned about my reputation and don't want to market bad deals... Here is the info..

First, it's in good  neighbor hood.

Owners are tired of being landlords and just want what they owe

Existing mortgages 207k

ARV 245-250k

Rents for $1750

Needs 5-10k to get rent ready ... A little drywall work, some paint and a little carpet... And appliances.

It's a split level on 3/4 acre.. A few blocks from water.

Upstairs is 3/2

Downstairs is 1 bedroom, living room , 3/4 bath and full kitchen... Could be a mother in law unit or even split into a duplex.

The sellers are very motivated and right now we are exploring a lease option, but I'd rather wholesale if I could for even a 2-3k

Any input would be nice.. Regardless I would like to help them somehow...

[Chris Harkins]

Are you using conservative numbers on your ARV? Because if your not, there's not a whole lot of wiggle room after that (percentage wise), say if you had to discount it to move the property..

Have you factored in closing costs, prorated taxes, insurance, etc?

I think this is going to come down to your appetite for risk and how well you know your numbers.. If they wanted to sell it for what they owe.. It would probably make more sense for them and for you just to have them do it out right. *To an owner occupant

Personally, I wouldn't touch it.