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Updated over 4 years ago on . Most recent reply

User Stats

49
Posts
9
Votes
Paris Scroggins
  • Rental Property Investor
  • Denver, CO
9
Votes |
49
Posts

What to do with this property

Paris Scroggins
  • Rental Property Investor
  • Denver, CO
Posted

So I got a response to one of my direct letters to a house that had appeared to be vacant. Turns out that the owner was just stuck in California due to the shutdown. The property has actually been kept up really well so it wouldn't make a good flip as I originally wanted it for. The only thing I can think of is possibly land contacting it or just buying it out right as a rental but I'm afraid the rent for a good condition 4bed 1bath sfr would be higher than the area could afford. Any ideas on how to make profit from this?

  • Paris Scroggins
  • Most Popular Reply

    User Stats

    1,790
    Posts
    1,382
    Votes
    Cameron Tope
    • Property Manager
    • Katy, TX
    1,382
    Votes |
    1,790
    Posts
    Cameron Tope
    • Property Manager
    • Katy, TX
    Replied

    Hey Paris,

    Land contracting has always been a lucrative strategy for me. However, for some deals, it just doesn't work. 

    If a lower price won't make the deal work, then it's not a deal and time to move on. Don't be afraid to walk away. 

    business profile image
    Emerson Property Management
    4.5 stars
    173 Reviews

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