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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.

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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