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Updated over 6 years ago,
Property Wholesale or Not?
I have a property that the owner wants to work with me on. It's currently off market and I can put it under contract in an instant. How should I approach this deal? It's not rehab, it's a well maintained property with a new 3 garage from 2015, manufactured home on slab, not requiring any repairs it's fully move in ready, owner occupied. 11 acres, nice rural area. 3 bed 2 bath taxes around $2k/yr. I can't find any sold comps in the general area going back 5-10 yrs... possibly due to the small rural area. However the assessments on all properties in the area with the similar property setup is averaging $154k. Asking Price $165k. No owner financing or lease option. Property in upstate NY.