Would this deal be worth considering? - Posted by Phong

import · January 10, 2003, 11:02am

Posted by Phong on January 10, 2003 at 14:08:02:

Conventional financing would cost around $3,500. I’d like to be able to sell it within 2 months after purchasing it to reduce the holding costs. I might do FSBO using the NODISCOUNT system at nodiscount.com.

import · January 10, 2003, 11:02am

Posted by Phong on January 10, 2003 at 12:02:58:

ARV: $170,000
Rehab cost: $5,000 (carpets replacement, yard work, interior paint, and minor touchups here and there)
Asking price: $143,000

import · January 10, 2003, 9:31pm

Re: Would this deal be worth considering? - Posted by Zack

Posted by Zack on January 10, 2003 at 22:31:40:

I would pass on this deal unless the terms were great, but that’s just me.

import · January 10, 2003, 12:33pm

Re: Would this deal be worth considering? - Posted by vern

Posted by vern on January 10, 2003 at 13:33:59:

What are you holding costs, expected holding time, cost of financing, how are you selling. I like the deal myself (but I am a newbie so, what do I know).

Asking Price 143K
Rehab Costs 5k
Selling/Holding ??
Total ??

Comps minus 20% = 166.6K minus Total Investment = profit