First Deal Help Huntsville Alabama

[Michael C.]

Hello all,

My team and I have begun speaking to our first motivated seller! We are leaning towards either a lease option assignment or a basic wholesale to a retail buyer. It's an absentee owner who seems to be a tired landlord, he currently has a tenant in his property but the lease runs out in a month. He told us he still owes 186k and is renting it out for 1,200k, currently that area rents for about 1,500 and the house could sell for 240-250k ARV. The home needs minor cosmetic repairs, or so we've been told. Any thoughts or comments would be greatly appreciated, thank you!