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All Forum Posts by: Rob Anderson

Rob Anderson has started 6 posts and replied 111 times.

Wholesaling

Post: Bank asking for $2.3M for 45 properties of former builder's inventory

Rob AndersonPosted
  • Real Estate Investor
  • Champaign, IL
  • Posts 114
  • Votes 55

Matt I think she is saying to sell for half of 1.4M so listing the 9 properties for $750,000. Then the investor would have $700,000 in repairs which after they were done would put them at 70% ARV. I could have miss read but I believe thats what Catrina meant. As far as the deal goes Catrina If you have done your homework and your Est. Figures are correct and the seller is happy with his return as such. It definitely looks like a great find. Asking for 10% in my market would be a little high but as Wayne Gretzky once said "You miss 100% of the shots you never take" ask away!!! And keep us updated sounds like a great deal!

@Matt Devincenzo @Catrina Alexander

0 Votes