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Updated almost 8 years ago,

User Stats

45
Posts
4
Votes
Malcolm Brown
  • Real Estate Agent
  • Philadelphia, PA
4
Votes |
45
Posts

Buying rental property

Malcolm Brown
  • Real Estate Agent
  • Philadelphia, PA
Posted

Greetings BP, 

I have a seller who is looking to sell their property in the olney area of phila. The property needs  minor cosmetics and has tenants paying  $850 a month. The seller stated she is not taking a cash wholesale price and still have an existing mortgage in place asking 60k for the property. How should I look to structure the deal if there is a deal at all? The seller has another propert next door that is willing to sell as well. Could there be a deal if both properties was brought at the same time?

PLEASE REPLY. ALL FEEDBACK IS WELCOME AS I AM A NEW INVESTOR/WHOLESALER IN THE BUSINESS.

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