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Updated over 7 years ago on . Most recent reply

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4
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Andres Needles
  • Investor
  • Atascadero, CA
0
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4
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On the receiving end of a flip

Andres Needles
  • Investor
  • Atascadero, CA
Posted

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.  

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