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Updated about 8 years ago on . Most recent reply

Waylon Gaye's profile image
Waylon Gaye's profile image
Waylon Gaye
  • from Kansas City, MO
  • Member since Jan 26, 2016
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Waylon Gaye's profile image
Waylon Gaye's profile image
Waylon Gaye
  • from Kansas City, MO
  • Member since Jan 26, 2016
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Waylon Gaye
  • Kansas City, MO
3
Votes |
18
Posts
Wholesaling

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?

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Account Closed's profile image
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Account Closed
  • Investor
  • from Orlando, Florida
  • Member since Jul 21, 2016
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Account Closed's profile image
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Account Closed
  • Investor
  • from Orlando, Florida
  • Member since Jul 21, 2016
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Account Closed
  • Investor
  • Orlando, FL
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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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