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Updated about 7 years ago,
I Missed Out On Killer Wholesale Deal
Hey BP, I think I might of missed out on a nice wholesale deal because I was to slow on estimating the repair costs. I went to see the property, took notes and pictures of the property and my intentions were to go home and estimate the repair costs. By the time I got home the seller texted me and said "we accepted another buyers offer". I wasn't knowledgable and confident enough to give a offer on the spot and I lost out. The other buyer offered her $451,000, this is what she says. I think I missed out on at least a $15k assignment fee. I think it would need new kitchens, new bathrooms, central air installed, rewire electric, new plumbing for the bathrooms. Its Oil baseboard heat probably needs to switched over to gas. New windows there are 27 of them, new garage door and new exterior on the garage and of course painting the inside and new appliances.
What do you think the repair cost would be? Here's the numbers:
4 Beds 2/1 Baths
2900 Sq/ft In Brywn PA
ARV: $887,000
Purchase Price: $451,000
Est Repair Value: ???
Bedroom 1
Master Bedroom
Master Bathroom
Bedroom 3
Full Bath
Living Room
Dining Room
Kitchen
Living Area
Bedroom 4
Half Bath
Basement
Basement