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Author Topic: 1st Deal in NJ, Please Help!  (Read 1525 times)

Offline GoodShowDave

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1st Deal in NJ, Please Help!
« on: February 20, 2009, 10:03:57 am »
Here are the details.

Found a house worth $330k, and that's conservative for this neighborhood.
Needs $40k in work, have contractor to do the work for that amount, he's seen the house and done the estimates.
Owner will take $200k, have already confirmed with her and sending her the paperwork.

I want to wholesale this house because I don't have the cash to buy it and fix it.

What do I ask for the house as a Wholesale price? 

 I used the 60% calculations and came out at $195k and that should be right, but I have to leave enough in it for the end buyer.

It would be hard to sell to an owner/occupant, this house needs new kitchen and bath.

Thanks in advance.                     DAVE

Offline jmd_forest

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Re: 1st Deal in NJ, Please Help!
« Reply #1 on: February 20, 2009, 07:06:48 pm »
Dave,

I'm a  South Jersey (Burlington County area) investor. PM me some details and lets see if we can work together.

jmd_forest

 




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