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Updated over 6 years ago on . Most recent reply

User Stats

27
Posts
6
Votes
Sandy Sciales
  • Rental Property Investor
  • Wilmington
6
Votes |
27
Posts

Wilmington, NC getting calls from sellers with damaged homes

Sandy Sciales
  • Rental Property Investor
  • Wilmington
Posted

Wouldn't you know the week before we started our marketing here in Wilmington, Hurricane Florence blew in. With that said, we went ahead and went forward anyway. We have had a few calls from sellers who own their homes without a mortgage, which is great but as in the case of the one we are going to see today, have roof damage from fallen trees, which entails at least 5 days of rain into the home.

I plan to wholesale the property, has anyone had any experience wholesaling properties with substantial damage? If so please forward your advice~! 

Thank you in advance~

James

Most Popular Reply

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17,995
Posts
17,196
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J Scott
  • Investor
  • Sarasota, FL
17,196
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17,995
Posts
J Scott
  • Investor
  • Sarasota, FL
ModeratorReplied

it's honestly no different than wholesaling any other property. Just make sure you buy it for a price below what you can resell it for.

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