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Updated almost 2 years ago on . Most recent reply

User Stats

30
Posts
4
Votes
Javonte Wimbish.
  • Wholesaler
  • Grayson County
4
Votes |
30
Posts

rookie wholesaler biggest deal

Javonte Wimbish.
  • Wholesaler
  • Grayson County
Posted

Good evening. I was driving for dollars yesterday. found a house. Long story short. I talked to the neighbor got the handyman number called about the house. Handyman has 6.1 acres for sale he only want to sell two but he is $13,000 in behind taxes and is asking $65,000 for both acres. acres in the area are going for 60 per. I want to wholesale this deal. Im going to be very clear on my plans with the property.  any suggestions on how I should handle my third deal?

Most Popular Reply

User Stats

594
Posts
183
Votes
Scott Matthew C.
  • Real Estate Broker
  • MI
183
Votes |
594
Posts
Scott Matthew C.
  • Real Estate Broker
  • MI
Replied

@Javonte Wimbish. Nice to meet you. 

Thank you for sharing this potential deal with us. It sounds like there may be a good opportunity to wholesale these two acres from the handyman, despite the back taxes owed.

Regarding your question about how to handle the deal, I would suggest doing some due diligence to ensure the property is worth the investment. This could include checking the current market value of similar properties in the area and verifying any liens or other outstanding debts.

In terms of the seller's asking price, it may be possible to negotiate a lower price based on the back taxes owed and the fact that the seller only wants to sell two acres. You could also consider offering to pay the back taxes as part of the deal.

Finally, as you mentioned in your post, if you feel that you are not the best fit for this deal, you might suggest that the seller consider working with another wholesaler who can help put the deal together. In this case, you could offer to split the profits with the other wholesaler in exchange for their assistance.

I hope this information is helpful. Let me know if you have any further questions or if you would like to discuss this opportunity in more detail.

Best of luck!

  • Scott Matthew C.
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