Posted by James Harris on June 11, 2007 at 20:36:22:
Andrew, at the numbers you’ve posted, is the profit margin something you can live with. I would offer $58k. Add 45k for repairs( an extra 5k for contingenies, I hope I spelled that right). Best way to get the money is to obtain a hard money loan then cash out when project is complete. You can either sell quick using a lease option or a normal sell.