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Updated over 11 years ago on . Most recent reply

User Stats

40
Posts
8
Votes
Indrani Peyton
  • Homeowner
  • Chicago, IL
8
Votes |
40
Posts

Need advice/partner

Indrani Peyton
  • Homeowner
  • Chicago, IL
Posted

I found what I think may be a good deal for my first wholesale - BUT its so cheap I'm nervous. 3 flat greystone in a "up and coming" area of Chicago. The garden unit (REO) is going for $8,500. Details: 1400 sq ft. 3bdrms, 1.5 bths. - needs gut due to vandalism/theft. The other two units are occupied but in foreclosure - not sure how much they are going for yet. Anywho, the garden unit has some mold too due to exposure to the elements. I was thinking if I offered $3500 cash I could gut/rehab or wholesale it for even $15K and make a few bucks. Any suggestions....willing partners?

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