Skip to content
×
PRO
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
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
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 5 years ago,

User Stats

73
Posts
48
Votes
Tyler Speelman
Pro Member
  • Rental Property Investor
  • Maria Stein, OH
48
Votes |
73
Posts

How would you handle this deal?

Tyler Speelman
Pro Member
  • 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...