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Real Estate Investing Forums
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1st Wholesale Deal - Have ?s
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Topic: 1st Wholesale Deal - Have ?s (Read 2524 times)
irishgal
Member
Posts: 5
1st Wholesale Deal - Have ?s
«
on:
January 28, 2005, 07:29:55 pm »
Hi All,
New to investing and to this forum. Have enjoyed reading all the past posts - they have been very informative.
Here's the deal - what do you think?
4 bedroom townhome being sold for $397,500
ARV: $479,500
Improvements: Mostly cosmetic - New carpet, paint, appliances: $15,000
Looking to wholesale the deal - is there enough $$ to take out wholesale fee, and still make it worthwhile for another buyer/investor.
Thanks
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ARamirez
Member
Posts: 202
Re:1st Wholesale Deal - Have ?s
«
Reply #1 on:
January 28, 2005, 09:14:50 pm »
Well if the numbers are correct there is plenty of money there, but depends if you can find someone to buy a house in that price range. Is that a common price level in your area?
In my are in Texas that house might sit for quite a while jsut cause everything over 200k-250k takes a while to sell. As it is, 3/2 in the 90k-100k range take 3-4mos to sell when listed. Major buyer's market over here.
Best thing would be to start getting alist of investors so you know who to call when ya get a house under contract. Good luck!
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Abel B. Ramirez II
MHSolutions.biz
REI Noob - 2 deals purchased, 2 completed.
Dallas, Texas
214-529-5626
irishgal
Member
Posts: 5
Re:1st Wholesale Deal - Have ?s
«
Reply #2 on:
January 28, 2005, 09:31:27 pm »
The market here in No. VA is definitely crazy. rising from 12% to 15% in the past year. Homes are only staying on the market an average of 12 days. Thanks for the advice.
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