3Bed 1BATH

[QBS11]

Are 3Bed 1 Bath SFR good properties to wholesale?

[DeeinAustin]

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.

[QBS11]

@DeeinAustin post:2

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?

[Enjoidc]

How do you know what it is currently worth?

[DeeinAustin]

@QBS post:3

@DeeinAustin post:2

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.