If I have an agreed price with the bank and say I need to throw a large repair credit in there after, should I just revise the hud with a credit back or will the bank at some point ask me to get a new purchase and sale for a lower price?

Just to make sure I'm clear on sub2My current deal the seller will sell for 35k 40k repairs needed arv 145Or I can wholesale his loan of 45k at 6.5% for 28 yrs with payment of 280 a mo.Both provide a good opp. for the end buyer because even with the higher price, the financing is already in place?

In some cases, you cannot even inspect the property and estimate the repairs.

I have walked away from 3 deal because my team mates told me to (IE the house repair is more than you can handle, that part of town is nothing but problems, you'll have a hard time with that property).Read as much as you can on this sight.

The units are move in ready so little repair is needed.

how do you estimate the realistic value of a property after repairs will be performed?

If there are repairs needed, you'll have to add that on, too.

Here's how this deal would look:Gross rents: $650Operating Expenses: $325NOI: $325Mortgage ($53k, 30 yr, 7%): $353Cash flow: -$28 (LOSS)That doesn't include the repairs that it needs (paint, carpet, etc).I'd keep looking!

Once you are sure all of them are out repair the hole correctly.On a side note you may want to open the bottom of the bay they were in to get the guano out.

I have a property thats worth $211,950 but is in need of a few repairs such as New Paint, Needs a Stove, A/C, Windows, Needs new Cabinets and maybe some doors replaced.