I am throwing out a rough number of 200K for repairs since I haven't seen it and he wants an offer before I view it.

I am throwing out a rough number of 200K for repairs since I haven't seen it and he wants an offer before I view it.

Throwing out this line as well, its a good deal but not everyone is ready to invest when the deal comes around!

So if you're talking BRRRR vs turnkeys locally, I'll throw some extra thoughts in there.

You can contribute and get you point across here on BP just fine as "Mr Smith" as you can with your real name and not run the risk of somebody you know throwing it back in your face in a court room someday.  

I need to know a range from low to high for a wholesale fee and a low to high range for a deposit so my buyer doesnt back out.A low to high range on total expected repair costs for a house in our area is also helpful if you want to throw that into your answer.

It is a Class B asset in a Class A neighborhood and if underwritten conservatively throws off 9% Cash on Cash return.

@Chris Connery not knowing for sure what your situation/goals are I thought I would throw out there what I/we are working on right now - similar but different.I am working on forming a partnership with an individual that will bring the 20% down that I need for my properties that I use a commercial portfolio loans on, but the whole loan (80% of purchase price) will be signed by only me.

I have been at this game since I was 23, always have been a buy and hold investor, I have only sold 1 investment property thus far....But I agree with your process at age 60 sounds like a great time to unload and truly have passive income....Have a look at some high quality REITS as well like O, DLT, and VTR as well as utility stocks that throw off nice dividend yields on a monthly and quarterly basis.

A colored throw and a couple of accent pillows make it look better.