All Forum Posts by: Amin Ali

Hello everybody this is my first post and first wholesale deal I am working on.

The property is a SFH in a desirable area on the North Side of Chicago. Numbers are as follows.

ARV: $175,000

Repairs: $25,000

Assignment Fee: $10,000

Offer: $175,000 x 70%= $122,500-$25,000=$97,500-$10,000=$87,500

My question is the the house is on a slab and I am finding it difficult to find really good Comps that also are on a slab. I found about 4 properties on the MLS that were sold around $160,000-$185,000 but they still required some work on them. I also found homes with basements that were rehabbed that sold all the way up to $230,000. I figured saying the ARV was about $175,000 was playing it safe but I dont want to undervalue the home too much and present too low of an offer to the seller. Any suggestions would be greatly appreciated.

Thank you

Hello everybody this is my first post and first wholesale deal I am working on.

The property is a SFH in a desirable area on the North Side of Chicago. Numbers are as follows.

ARV: $175,000

Repairs: $25,000

Assignment Fee: $10,000

Offer: $175,000 x 70%= $122,500-$25,000=$97,500-$10,000=$87,500

My question is the the house is on a slab and I am finding it difficult to find really good Comps that also are on a slab. I found about 4 properties on the MLS that were sold around $160,000-$185,000 but they still required some work on them. I also found homes with basements that were rehabbed that sold all the way up to $230,000. I figured saying the ARV was about $175,000 was playing it safe but I dont want to undervalue the home too much and present too low of an offer to the seller. Any suggestions would be greatly appreciated.

Thank you