Posted by Zidzi on July 22, 2001 at 24:42:28:
Get some info that gives you a little more certainty as to the figure the property will appraise at. The Realtor you mentioned should be able to pull some comps for you. A margin of $10000 leaves too much room for error.
Once you have the numbers then see if they work for you. If you just want to sell to another investor without doing any of the repairs I would do as Steve Cook did initially (see his chat transcript)there were deals in which he only made $1000. Well, it’s more than you get for doing nothing so if you sign a bunch of papers for a property a realtor brought to you I would settle for “a bird in hand”.
All the best with this one and all others.