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Updated almost 11 years ago on . Most recent reply
Anyone willing to help me out?
Hello everyone!
I'm currently in conversation with a motivated seller. I'm thinking its a great deal but I'm hoping I can get a second pair of eyes on it so I can be for certain. Is anyone willing to maybe shoot me their email address and give me a few minutes of their time? It'd be a huge help to me!
Thanks guys,
Marcus
Most Popular Reply
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Hi Marcus,
I would suggest to put it under contract right away; then wholesale it to a seasoned rehab investor who most likely can rehab it for a lot less than the $70k you're quoted.
You can also contact the owners of the other 4-plexes in the area because since they already own in that part of town, taking on this project may not be a big deal to them.
Additionally, to find seasoned investors (this is how I did it in Northern NJ), attend the sheriff sale in your county. Take note of the buyers/bidders because they are cash buyers. Approach them to see if they're interested in your deal. Great way to start developing a list of real cash buyers if you're focusing on wholesaling.