Deal?

Bird Dogs, Wholesaling
1

Hey everyone,

Is this a good deal?

3/1 1200 sq ft SFH
ARV: $250,000
Repairs: Hard to say…I have not entered the home yet. It’s all boarded up but it was damaged by fire. Roof looks decent but not sure what the rest looks like. I have estimated repairs to be about $50,000 if I needed to gut the place and replace almost everything.

I am buying it for $90,000.

What do you all think?

$250,000*.7-50,000= $125,000 which leaves me with a decent profit. I am just not sure of that $50,000 for repairs.

2

Sounds like a GREAT DEAL to me.

  1. Tie up the property ASAP with Inspection contingency say 15 days.
  2. Get a house inspector or a good contractor to get an estimate for the cost to fixing it.
    st12
    Good Luck!
3

that is a heck of a deal :o :o :o :o :o!!!

but in texas were i live I would not buy it at all that would be too much…