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Author Topic: Rate this deal  (Read 1177 times)

Offline slipring

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  • Posts: 27
Rate this deal
« on: July 09, 2008, 08:03:32 pm »
Okay...I  purchased a lead from one of the REI compainies online.  I went to check out the property and ran some comps. ARV was around 73000.00. I called the seller and made an offer for 39000.00.  I told the the seller I was going to look around the property and call him back. So I call him back and rengotiate a  purchase price of 37500.00

So...

ARV = 71000.00 - 74000.00
Purchase = 37500.00 = 52.8% - 50.6%
repairs 10000.00

I would like to wholesale this for 5000.00. Would I be asking too much not leaving enough for someone to rehab?


Thanks

Offline Lamar

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    • www.JLamarFerren.com
Re: Rate this deal
« Reply #1 on: July 10, 2008, 01:04:59 am »
If the numbers are accurate this deal is perfect and your cut is fine. I'd probably go higher myself. :-) Don't be to greedy though. This is a really attractive deal.

Again if it's accurate, I'd give it 5 Stars!

J.Lamar Ferren
The "New Breed" Investor
There's a "New Breed" way of investing in real estate and if you don't get on board, then you could get left in the dust!
Head over to my site to learn more---> http://www.JLamarFerren.com

 




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