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