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Updated almost 10 years ago,
Flooded Out of State Property
I have a question about an out of state property that a seller wants me to buy. I currently live in north Atlanta and that's where I have began marketing. I had a seller call me a few weeks ago that lives in Atlanta but they have a property they want to get rid of in Taledega Alabama. The seller is motivated because the house has been vacant for 6 months. It's been vacant because the home was flooded. Another problem is the seller doesn't have any pictures to show me and it's really difficult getting comps on this property. I tried to look up investors in Taledega AL and had no luck finding any. One called me back but said Taledega is not a growing market and he doesn't invest there. This seller is motivated and sounds really flexible on her price, she started at $25k but seems even more flexible when I recently spoke to her. I have talked to one of my local investors possibly trying to wholesale it to her and she told me doesn't buy flooded or fire damaged properties ever. Any suggestions on how I can find a buyer in AL to wholesale this property?
Jason