Updated over 8 years ago on . Most recent reply
Buy and Hold opportunites (up to 100k+ below market price)
I have several homes in Pasadena and surrounding cities. Are there any investors that are looking to buy and hold, as we often receive great properties. We get a lot of homes that are intended to be "flips" but many times these homes do not have the $200k margins my flipping investors want to take on, but are at $80K to 150k below market value: these would be great for buy and hold investors.
Example: 539k purchase price: ARV about $650k (for 1400 sq ft home): rehab under 30k for buy and hold purposes.
I would get this home under contract for about $500k
We have a lot of homes coming to us with these types of numbers.
Offering