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.
Classifieds
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 over 8 years ago, 05/03/2016

User Stats

10
Posts
1
Votes
Troy Feldman
  • Philadelphia , PA
1
Votes |
10
Posts

HELP!! Wholesaling Advice (First Deal)

Troy Feldman
  • Philadelphia , PA
Posted

How do I find cash buyers within the week? I am leaving the country so I have to close fast

Hi Everyone, 

I found what seems to be a steal today. Classic wholesale looking property, overgrown and needs a lot of work. I called the owner right away and he is asking $10,000 for it but in two minutes said he would take $9,000. He said he got stuck with it after his mother passed away seven years ago and had planned to give it to his son. That never worked out and therefore the property has been sitting vacant for seven years while he pays taxes on it.

Here are the details: 

- Manufactured Home: One bed/ One Bath

- New roof and windows when he bought it, partially done floors

- One acre lot

- Converted small 2nd bedroom into a Washer/Dryer room

NEEDS: 

- septic system (quoted $5-7k)

- new faucets, carpets, tile in bathroom, cabinets

He did the title search and there aren't any liens. It needs a good amount of work and he doesn't want to do it. 

I am travelling out of the country for business next week and want to wholesale and close on it quick so he doesn't sell to someone else. how do i find cash buyers extremely fast?

Advice is very appreciated!

Thanks!

Loading replies...