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Updated over 5 years ago,

Rigo V.'s profile image
Rigo V.'s profile image
Rigo V.
  • Investor
  • from Morris Plains, NJ
  • Member since Jan 20, 2017
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User Stats

294
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47
Votes
Rigo V.'s profile image
Rigo V.'s profile image
Rigo V.
  • Investor
  • from Morris Plains, NJ
  • Member since Jan 20, 2017
Connect
Rigo V.
  • Investor
  • Morris Plains, NJ
47
Votes |
294
Posts
Buying & Selling Real Estate

Need advice on how this deal! Lake front four unit

Rigo V.
  • Investor
  • Morris Plains, NJ
Posted

There is a property listed on the MLS that is a lake front four unit. Its very dilapidated. Listed for 249K, spoke to the owner and he is willing to take 210K. The property needs a massive rehab of 250K. The property will appraise for 600-50K. Huge equity spread.

I am currently rehabbing another property so my funds are tied up. I was wondering how I can make money on this deal? Can I wholesale it? 

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