Posted by RayS(FL) on January 25, 2000 at 21:58:38:
Ana,
Do you think it is a good deal?
It depends on your intentions after you buy it. If I were wholesaling it I would need to be somewhere around $32000.00. However, If I were going to buy and retail it, I could go up to $37000.00 if I loved the property.
These numbers are based on cash purchases with minimal closing costs to buy. If you are getting a lender involved then you will need to adjust the offer downward to compensate for the purchase costs.
These numbers should get you about a $12 to 15k profit (Retailing). Between 3-5k wholesaling.
Good luck to you.
Ray S(FL)
Do you think it is a good deal?