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Updated over 9 years ago,
Ideas On Offer Price?
Here's the scenario:
Property: B-C
Tax and Nuisance Liens: $8k
Owner owes PM: $2K (plumbing was redone)
Property Is Free and Clear
Current Rent: $700 Solid 5 year rental history
Average of 6 Comps: $50K (pulled from Realquest)
Owner wants to walk away with $25K in their pocket
Good deal, bad deal, offer price in order to wholesale? I have no interest in buying and holding. Looking to wholesale.