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Updated over 4 years ago,

User Stats

218
Posts
27
Votes
Paul Fagot
  • Wholesaler
  • Redding, CA
27
Votes |
218
Posts

what would be the best solution for this seller

Paul Fagot
  • Wholesaler
  • Redding, CA
Posted

How's it going everyone!

I have a seller whos 24 who needs to sell two of his inherited properties that are in foreclosure and wants out

1 property is a 2/2 1100sqft house backs up to a creek

is a fixer-upper and needs a driveway down to the house

Default around $130k

repairs $20-$30k

ARV around $160-$170k

area: C

rents in area $1000-$1200

2nd property is a 2/2 1000sqft with 1.6 acres

is also a fixer-upper

owner passed two years ago and has plans that are approved for I guess 24 lots to be split up to develop on in the back. Neighbors also would be interested in selling part of their land as well to develop on. Also has a company ready to go do come clear and flatten the property.

default amount $130k

repairs $25-$30k

ARV $200-$205k

Area : C+

rents in area $1000-$1200

trying to think of a solution for him or what strategy would work best!

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