Hello, this is my first post to the forum. I see a lot of great advice on here about structuring deals, so im hoping you guys can help me too.There is a sfr with a highly motivated seller in Michigan. I would like to flip/assign this deal to an investor. The numbers and estimates are below.
- Based on these estimates is it viable for an investor. 2. How do I structure the contracts.
Mortgage and taxes owed: $ 14500
Repairs needed: $ 5000-10000
ARV based on comps: $ 30-40K
Rent based on comps : $ 750-900
Neighborhood: not great but trending in the right direction.
Thanks in advance for any advice or expertise you can provide. Please contact me if you invest in the Michigan market.