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Updated almost 8 years ago on . Most recent reply

User Stats

14
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1
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Michael Hines
  • Westford, MA
1
Votes |
14
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Potential Deal need HELP !!!!!!!!!!!!!!!

Michael Hines
  • Westford, MA
Posted

Hey BP family.... I have a potential deal that I got through a realtor. Its for 4 houses all on the same street, the owner got into some financial trouble so he's motivated. I want to try and wholesale them however I haven't done my first deal yet. i'm setting up a time to go view the properties but I'm not confident in estimating the repair costs. I reached out to a local investor to potentially team up and go view the properties with me and walk me through the deal if it goes through, however i don't have them under contract and there also on the MLS, but for more than double the price I'm going to get them for. Not sure if I should trust them to come with me or try and figure it out on my own. Any suggestions ????

Most Popular Reply

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1,639
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Chris T.
  • Investor
  • Downers Grove, IL
955
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1,639
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Chris T.
  • Investor
  • Downers Grove, IL
Replied

@Michael Hines

You have already offered to team up with the local investor so follow up with them. If they're not interested, then move on to the next investor. 

Since these are on the MLS, and assuming they don't have any offers yet. It's probably overpriced and sitting.

Best case, you wholesale these successful with help from others. Worse case if it falls apart, you learn something in the process. 

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