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Updated over 7 years ago,

User Stats

491
Posts
113
Votes
Benjamin Blackburn
  • Wholesaler/ Investor
  • Houston, TX
113
Votes |
491
Posts

2 houses side by side at a discount. How can I acquire both?

Benjamin Blackburn
  • Wholesaler/ Investor
  • Houston, TX
Posted

Hello everyone,

I've been wholesaling for about a year now and I think I've come across two pretty good deals and would like to really acquire them for myself as rentals.  I'm trying to figure out what the best strategy would be though. I have a seller who is looking to sell both of her properties that sit right next to each other.  She is tired of dealing with tenants and just wants the cash to retire and vacation. 

1st property 2/2 she's asking: 70K

2nd property 2/1 she's asking: 55K

Both properties are basically in perfect condition.  They have been newly remodeled.  

The area has gone and is currently going through gentrification so it's a hot desirable. There are 2 and 3 story town homes going up on the street right behind the properties and selling for 255k. I believe the ARV for both properties are around a conservative $125,000.

I currently have about $29,000 cash.  I have 1 primary residence loan and pretty good credit.

Any help would be great.  I really feel like these properties could help my family and I get closer to financial freedom.

Thank you very much.

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