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Updated over 8 years ago on . Most recent reply

User Stats

21
Posts
7
Votes
Fannie Hood
  • Real Estate Investor
  • Saint Louis, MO
7
Votes |
21
Posts

St Louis??

Fannie Hood
  • Real Estate Investor
  • Saint Louis, MO
Posted

So im getting my feet wet and have placed a contract on a home that would be a great buy and hold. The only thing is getting my buyers to reach out to me. I have been told that this home is priced to high but that it could work as a rental. Ive dropped the price because I went back and did numbers and feel my buyer would still come out on top.

My question is how do I market homes that could be more a buy and hold than just a good wholesale price.

Most Popular Reply

User Stats

112
Posts
57
Votes
Gunnar Teltow
  • Investor
  • Austin, TX
57
Votes |
112
Posts
Gunnar Teltow
  • Investor
  • Austin, TX
Replied

@Fannie Hood  we're actively buying in 63031 and 63033. Typically, we can get houses that will rent for $1k for about $60-65k all-in (purchase, closing, rehab) so $70k is a little high. The ones we buy typically appraise in the 90s. 

63034 has some good parts with slightly higher average incomes. Feel free to PM, email, or call me if you'd like to discuss. Thanks!

Gunnar

(512) 637-1543

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