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Updated about 5 years ago on . Most recent reply

User Stats

75
Posts
48
Votes
Tyler Speelman
  • Rental Property Investor
  • Maria Stein, OH
48
Votes |
75
Posts

How would you handle this deal?

Tyler Speelman
  • Rental Property Investor
  • Maria Stein, OH
Posted

Hello,

Off-market condo in Ohio, asking price from seller 100k. Comps show it is worth 150k. It was transferred to the current seller via quitclaim deed. The current seller is willing to seller finance, but I am concerned about holding it for a year due to negative cash flow and speculating it will still be worth more in a year. Family member (the owner of the adjacent condo with shared roof/wall to the condo for sale) wants to split this deal 50/50 and suggested wholesaling. 

If we wholesale this deal with a double close is the end buyer responsible for title search and other due diligence related to the property?  

If we got it under contract for 90K what would you sell it for? 

  • Tyler Speelman
  • Loading replies...