Updated over 8 years ago on . Most recent reply
On the receiving end of a flip
Hello all,
I live in Central coast CA and we have a few rentals that we bought and are holding (I manage and do most of the work on them). We've done 4 RE purchases and one sale so far so Im a bit of a newbie, but I have some experience.
Here's my situation. A family member just went into managed care and we need to sell his Mobile about 5 hours away, currently residing in a MH park in the inland empire area (SoCal). Its a mess, needing a new roof, complete rehab inside, as it has not been updated since 1977 and hardly cleaned since 2000.
Once we clean the place out, how would you go about finding a "flipper" for such a place? Is there a way to get it to go to the highest bidder rather than dealing with just one offer?? We are talking small change here- Its probably worth less than 15K as is. The $$ will go into his trust for his ongoing care.
If we dont find a buyer, we could just walk from the place and let the MH park deal with it, but that seems unethical and rude.