This wholesale deal came across my desk today. I've already analyzed it, and I believe its a good money maker. I have a similar property in the same area which has been steadily appreciating. I cannot take advantage because I'm maxed out with work.


2819 Rosedale
Houston, TX 77004
Duplex - 6/3/0 - 2,767ftsq

Income: $265,000
ARV: $265,000

Expenses: $236,750
Purchase Price: $230,000
Closing Costs: $6,750
Rehab Quote: $0

Strategy:
Wholesale flip

Time Line:
Depends on your marketing.

Profit: $28,250
Gross margin after financing: $28,250

Property Description:
INCOME PRODUCING PROPERTY WITH CUSTOM HOME FEATURES AND IT'S NEAR DOWNTOWN...IT DOESN'T GET ANY BETTER THAN THIS!! THIS PROPERTY HAS A STUCCO EXTERIOR,NATURAL HARDWOOD FLOORING,BRAND NEW DOUBLE PAYNED WINDOWS,GRANITE COUNTERTOPS IN KITCHEN AND IN ALL BATHROOMS,FRESH PAINT, WALKIN CLOSETS IN ALL BEDROOMS....THIS PROPERTY HAS WENT THROUGH AN EXTREME MAKEOVER!!

Description of Repairs: none

Picture:



*Note tax benefits are not added into the potential profits.
If your interested contact me.

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