Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 9 years ago on . Most recent reply

User Stats

4
Posts
2
Votes
Ben Vargas
  • Bronx, NY
2
Votes |
4
Posts

To pursue this wholesale deal or not? Buffalo NY

Ben Vargas
  • Bronx, NY
Posted

Hi guys this is my first post. I have been actively trying to get my first deal done in wholesaling. Here's the situation. I have a seller who has a property 8br/ 2ba free and clear with fire damage. No structural damage. Estimated repairs 40-50k. ARV about 70k. We agreed to 10k. The thing is seller does not want to go through title company to avoid paying capital gains and wants to get paid upon the deed transfer. One of my buyers says they won't touch properties with fire damage. Is this deal worth pursuing? I'm also not in the area as I live in the Bronx NY but am focusing on wholesaling in Buffalo. Any advice would be appreciated. Thanks in advance!

Loading replies...