Any thoughts in the Bankhead area?

[Jonathan Ortega]

I have a wholesale deal coming up out there and it looks like every other house is boarded and vacant. The seller wants a POF and I dont even know if its worth my time to send it to him, get it under contract and then try to wholesale the property. It is a 3/2, it definitely has squatters, fire damaged, lots of overgrowth and about 50k in repairs needed. ARV is about 90k but I am not sure if its right. I am thinking about just putting it on an option contract and see what bites. Any thoughts?

[Mary B.]

I bet if you start pulling property records on the vacant homes, you will find a lot of them are investor owned/held in LLCs waiting for the tide to turn.  That was certainly the case in the Pittsburgh area prior to 2017, when they started to list.  Most of those homes have been sold now and are being renovated; crazy what a difference a year has made.  I would be buying in Bankhead to hold, however, not to flip.  I don't know if it's worth the time to flip a property in that area. Keep us posted!