Posted by Jonathan(Wa) on February 15, 2002 at 15:38:37:
I would prefer to buy it outright as this is my first deal I want to make it as safe as possible until Im able to learn more(convention). I will get a POA today from the sellers. What else are you saying that I will need from the seller?
By the way these are how I see the numbers
Rehab $10,000 this is highly overestimated more like $5,000 just needs paint and landscaping
Closing cost $0 my minimal cost $1500 I will cover with rebate.
Selling cost $10,000 I will list the house myself
Payments during 5 months $6000 houses in this price range in our market average 30-45 days on the market
Do you think the deal is still to skinny to be a rehab? I can see where there’s more money to be made doing a L/O
Thanks for your feedback,