Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
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 almost 6 years ago on . Most recent reply

User Stats

14
Posts
0
Votes
Mijin Kim
  • Purdys, NY
0
Votes |
14
Posts

wholesaling a house with an open permit? - Rockland County, NY

Mijin Kim
  • Purdys, NY
Posted

Hi all, 

Has anyone dealt with a wholesaling opportunity that involves an open permit? Is it something that's worth bothering with, meaning, would cash-buyers/investors consider buying a house with open permits?

I have come across a wholesale opportunity that seems pretty good in several ways, except for this one issue. It has an open permit of over 10 years. Long story short, the owner of the house got a permit in 2007 to build an extension on the first floor for his wife who had become disabled due to stroke and needed to live downstairs at all times. Sadly his wife passed away less than half way through the construction and the owner just dropped everything, leaving that part of the house unfinished with wood and metal beams revealing. 

The seller is really motivated but is it something i want to or even can bother with? If so, what are some of the problem solving strategies? 

Thanks so much in advance! 

  • Mijin Kim
  • Loading replies...