What do you think about this deal…(keep in mind I’m not a high roller yet)…
The deal is going to be “Quit Claim Deed”
115 House Mortgage
13 Assignment Cost (the middle men)
2 Repairs (curb appeal)
2 Holding Cost (mortgage is 1k/month, I figure two months tops from repairs to sale)
5 Selling Cost (3% buyers agent + 500 to put in MLS)
137 TOTAL COST
145 Appraisal (I think I can sell for 150 after curb appeal repairs)
8K profit (if I can get 150, 13k profit)