Lunchtime Door Knockin', Yeah I did that today!

[Mary Spalding]

So, after drinking up as much of the bird doggin' wholesaling lingo I could, I decided to use my lunch today to go out and do some REI therapy, AKA: find absent owners or do some bird doggin'.

After about 15 minutes, I found a decent house that I thought might fit an investor's eye. Craftman style, decent neighborhood, needed significant work and great houses around it.

Upon further inspection, it was partially worked on inside, some new sheetrock and paint, but it didnt look like anyone had been there in a bit.

Knocked on the neighbor's door and after some chatting, got the owner's number.

Long story short: meeting the owner this week for a formal tour, talk numbers, take my mentor and then maybe my first wholesale deal!

House is tax assessed 70k; he owns it outright and is almost retired. He said that he intended to finish the work, but has been busy with "life" Is one year from collecting social security and has thought about selling it for awhile. He is open carrying contracts or selling outright. He wants to avoid capital gains, if he can. It is a 2/1 on a quarter acre in the city limits. Rents generally are about $700-800 a month in the area after rehab.

Comps in the area are running between 30k-40k which I will bring with me, along with my mentor.

Still have a long way to go, but I actually stepped out the car and knocked, so will keep you updated, as I think there is potential.

This is outside my comfort zone and expertise, but I cannot wait to learn more! :D