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Updated about 7 years ago on .

Brad Webb's profile image
Brad Webb's profile image
Brad Webb
  • Wholesaler
  • from Excelsior Springs, MO
  • Member since Sep 6, 2017
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User Stats

32
Posts
5
Votes
Brad Webb's profile image
Brad Webb's profile image
Brad Webb
  • Wholesaler
  • from Excelsior Springs, MO
  • Member since Sep 6, 2017
Connect
Brad Webb
  • Wholesaler
  • Excelsior Springs, MO
5
Votes |
32
Posts
Real Estate Deal Analysis & Advice

Retirement home for sale before it is finished being built.

Brad Webb
  • Wholesaler
  • Excelsior Springs, MO
Posted
Alright, so I received a call from a 75 year old gentleman who responded to one of my 'We Buy Houses' bandit signs. He began building a retirement home for he and his wife a few years ago. He's put $300k into it and is now in poor health and can't complete it. He just wants to sell and get back his $300k. He says it was estimated at $500k ACV (after completion value). Here's what I DO know: 6,000 ft, Solar powered, sits next to a lake on 5 acres. Has anyone dealt with a situation like this?
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