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Updated over 8 years ago,
Advice on Texas Coast Property
Hello BP members.... Need some advice/help. Stumbled across a for sale by owner property down on the Texas coast, a fixer upper across from canal that had a two living area floor plan. Intentions were to possible buy, rehab, live in half and rent other half as vacation or as lodging for our fishing customers or flip it if we could get ARV price. Price was right... $85k ARV estimates at $200k prob needs a good $30k-$50k reno depending on upgrades.
Now to the issue... Timing was not right when we found it as we had an upcoming two week trip out of country and just couldn't tie up time and money until after we got back. Now that we are back, I noticed it is not posted online anymore but after googling and tracking it down, noticed its under some investors Facebook page, not heavily advertised and looks like it's the companies first property. Have called and messaged this company with no luck on contact. Do I go straight to the deed owners and try to contact them about property or continue to pound on investor door? When I look at deed transfers it doesn't look like owners have "sold" yet investing company has it listed for $12k more than owners were asking so I'm assuming this is a wholesaler?
Ideas for cracking the code on this one. When searching the owners I actually found a phone number but was hesitant if it was proper to call or just send a letter? This would be our first of hopefully many deals to come.
Thanks!!