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Updated about 8 years ago on . Most recent reply

User Stats

15
Posts
3
Votes
Miguel Luzon
  • philadelphia, PA
3
Votes |
15
Posts

wholesaling a garage on a lot in philly

Miguel Luzon
  • philadelphia, PA
Posted

Greetings from Philadelphia! After my last marketing campaign I ended up getting a call from a seller with a Garage she was hoping to sell. I explained to her that since I focus exclusively on houses here in Philly I wouldn't know exactly what kind of offer to give her. I emailed some information about the deal to some of the other investors that I wholesale to on my buyers list but they don't seem to be interested at all.

How would one go about calculating the value of a property like this? It's a 2-car garage sitting on a lot by itself in the relatively up-and-coming neighborhood of kensington (two blocks west of front st. for those who are familiar.) The seller said that she already got an offer to rent it 800/month from a local handyman in order for him to store his equipment but she's more keen on selling.

Any idea how I should approach coming to a price and negotiating for this thing? Also does anyone know the best way to market something like this to other investors? its a unique situation but there is definitely opportunity here.

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