Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 11 years ago, 10/03/2013

User Stats

341
Posts
22
Votes
Shequann Burrwell
  • Wholesaler/rehabber
  • Arcadia, FL
22
Votes |
341
Posts

great lead poor market

Shequann Burrwell
  • Wholesaler/rehabber
  • Arcadia, FL
Posted

I got a lead a few minute a go at a great price and great home.

Its a old farm house in north carolina 3 bed 2 bath 9 rooms total 1600sqft

owner got the home as his dream house and started fixing it up room by room. he was able to finish all the rooms and hallways are done except one bathroom and one bedroom needing minor work. in the process of doing the rehab he ran out of money and now needs to move back to ny for some reason he wouldn't disclose to me. he is asking $30000 for the property which is a great deal but.... i decided to call a realtor nearby to get a feel for the market since in never actually wholesaled there before and actually don't even market in the area. the realtor suggested i look else wear because the market is weak there and its a very open land area so not much to run comps on. my question is should i contract this deal any way and see if i can find a buyer that has enough faith in the market there to finish the rehab and put on the market. ower told me he only pays $500 a year in taxes which i found hard to believe unless i was missing something.

Loading replies...