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Updated about 11 years ago, 10/03/2013
great lead poor market
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.