Take the W's as they come
We just closed on the sale of a property in Upstate SC - This was a 3BR-2BA stick built home where we had all intentions of selling with seller finance. We ended up accepting an FHA offer at our full seller finance sale price. We price our SF deals with a 12% premium over our expected retail sale price.
Luckily, the appraisal came in at our price - the deal closed on schedule - we returned our private lender funds and they asked to put the money back to work on the next deal
PP: $84,000 w/ closing Feb 2025
Rehab: $40,000 (roughly $5k over budget)
Seller Credit at Closing: $5,000
Finance/Holding/Closing Costs: $6,000
Sale Price: $199,900 w/ closing June 2025
Total Profit from Deal: $55,000
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3 comments
Jay Chekansky
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Take the W's as they come
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