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User Stats

30
Posts
22
Votes
Pablo Pereyra
Agent
Lender
  • Real Estate Broker
  • Memphis, TN
22
Votes |
30
Posts

What to do with an off market property on the outskirts of Kansas City?

Pablo Pereyra
Agent
Lender
  • Real Estate Broker
  • Memphis, TN
Posted

What would you do with a $100k vacant property that rents for $1,200 a month?

Hold onto it?

Sell it?

Wholesale it?

These clients don't quite know what to do, so I figured I would ask the forum for advice?

Appreciate the feedback.

  • Pablo Pereyra
  • business profile image
    Catalyst Funding
    0.0 star
    0 Reviews

    User Stats

    35
    Posts
    34
    Votes
    Ernst S Coriolan
    • Real Estate Agent
    • Kansas City
    34
    Votes |
    35
    Posts
    Ernst S Coriolan
    • Real Estate Agent
    • Kansas City
    Replied

    Hi Pablo! 

    Depends where it is located, but more than likely holding on to it would be the most likely scenario. Is there a reason it's vacant or is it just between renters? If it doesn't need work and doesn't have any underlying issues i'd say hold it, but again i'd need more information. I'd be happy to talk more about this. I'll shoot you a message. 

    User Stats

    747
    Posts
    398
    Votes
    Dan Krupa
    • Real Estate Broker
    • Phoenix, AZ
    398
    Votes |
    747
    Posts
    Dan Krupa
    • Real Estate Broker
    • Phoenix, AZ
    Replied

     I agree with Pablo. Those numbers aren't great if it needs repairs for an investor to purchase. I would hold it, put some money into it, and rent it out. 

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