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Updated almost 8 years ago,

User Stats

5
Posts
1
Votes
Patrick Wang
  • Seattle, WA
1
Votes |
5
Posts

Good dilemma. Investor made offer in my BRRR property

Patrick Wang
  • Seattle, WA
Posted
Hi guys, I just recently bought a property a few months ago that I was planning on BRRR. I had actually just placed the place on Craigslist for rent today. Anyways, I received a letter from a potential buyer. Intrigued, I emailed back and it was some legitimate agent from a well known RE company that represents "investors." He made an offer of $400k on my place and even offered a $15k earnest money to be released after one month. Numbers: Value of property at time of purchase: $315k Loan: $250k Rehab cost: $25k All in: ~$95k Any thoughts and advice would be appreciated.

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