Deal or no deal?

[Josselyne Lugo]

Hello Bp!

I'm am currently in the process of putting a home under contract,however I'm not too sure if this would be considered a deal. These are the numbers:

ARV: 100k

Repairs: >5k

Price: 73k

The home is tenant occupied and is renting for 900$ monthly. Current tenant can also potentially turn this deal into an owner finance if buyer is open to it. I would really appreciate your opinions. Thank you. 

[Brent Coombs]

@Josselyne Lugo, no deal. (Well, you asked)...

Doesn't meet the basic wholesaler "rules". Your "Maximum Allowable Offer" should be no more than 70% of ARV, INCLUDING repair costs. (Also, just how much "greater than" $5k are those repair costs going to be)?

Circa 1%/m gross Rent is not the greatest incentive if you are trying to find a Buyer to pay you more. 

If the Owner wants to sell, and the Tenant wants to buy, won't they find a way to bypass you? That's just a few thoughts...