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Updated over 9 years ago on . Most recent reply

User Stats

19
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3
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Waylon Gaye
  • Kansas City, MO
3
Votes |
19
Posts

Need Help with First Wholesaling Deal

Waylon Gaye
  • Kansas City, MO
Posted

Hello, I've recently come across a triplex in a great neighborhood, right around the corner from a courthouse, with comps that are at $140,000. The seller is willing to let the property go for $10k if I can close in seven days. The triplex needs about $90k in repairs, but it's ARV is estimated to be around $140k. I was wondering if any experts think this is a good deal, and have any advice for me since this would technically be my very first time doing this and getting this far?

Most Popular Reply

Account Closed
  • Investor
  • Orlando, FL
780
Votes |
1,351
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Account Closed
  • Investor
  • Orlando, FL
Replied

Why is the seller willing to sell it for such a low price?

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