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Updated almost 8 years ago,

Account Closed
  • Chicago, Illinois
3
Votes |
5
Posts

How do I Market This Deal.

Account Closed
  • Chicago, Illinois
Posted

Hi 

New here thanks in advance bp community. 

I just signed a purchase agreement with seller in a Chicago south surburb and sent it over to my escrow attorney/closer. Have to close in 45 days

Its a 4 bed 2 bath frame house, 2992 sq sitting on a 0.465 acre lot. With a zoning of mix Commercial / Residential use. Its on a major street.

Have to pay the seller $18,000.00 in cash, $35,000.00 in back taxes, $9000.00 city liens and $8000 in water bill. It needs about $5000.00 in cosmetic work.

Rent is averaging  $1500.00 per month for similar.

ARV appraisal value is averaging at about $229,000.00

My question is I have no buyers list and would like wholesale or assign this to another investor or flipper for an assignment fee of $20,000.00 or find an end buyer and do a double close for a profit $40,000.00

Would would be the best way to market this? 

Bet Regards.

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