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Author Topic: 3Bed 1BATH  (Read 2033 times)

Offline QBS

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3Bed 1BATH
« on: May 13, 2007, 09:55:50 am »
Are 3Bed 1 Bath SFR good properties to wholesale?

Offline DeeinAustin

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Re: 3Bed 1BATH
« Reply #1 on: May 13, 2007, 11:53:38 am »
Any property is good to wholesale depending on price. I'd add a bath to the 3/1 and if not, check comps to see if it's a good deal.
Principal Broker, Copeland Group Realty
Green Construction and Investments
http://www.MyClientsBuyLand.com
My Clients Buy Land...and Houses Too!

Offline QBS

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Re: 3Bed 1BATH
« Reply #2 on: May 13, 2007, 02:48:04 pm »
Any property is good to wholesale depending on price. I'd add a bath to the 3/1 and if not, check comps to see if it's a good deal.

Well it's looks like a good deal. It' an REO. Bank wants 100K below what it's currently worth.
How does that sound?

Offline Enjoidc

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Re: 3Bed 1BATH
« Reply #3 on: May 13, 2007, 03:36:22 pm »
How do you know what it is currently worth?

Offline DeeinAustin

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Re: 3Bed 1BATH
« Reply #4 on: May 13, 2007, 04:49:32 pm »
Any property is good to wholesale depending on price. I'd add a bath to the 3/1 and if not, check comps to see if it's a good deal.

Well it's looks like a good deal. It' an REO. Bank wants 100K below what it's currently worth.
How does that sound?

I'd still have to evaluate. Banks aren't stupid and won't price it $100k below asking unless there's something you aren't aware of. I'd calcuate ARV at 100k, then deduct repairs and factor in 20% or more profit. Depending on how long it will be on market (factoring holding costs), it may be a deal.
Principal Broker, Copeland Group Realty
Green Construction and Investments
http://www.MyClientsBuyLand.com
My Clients Buy Land...and Houses Too!

 




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