Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 7 years ago on . Most recent reply

User Stats

6
Posts
1
Votes
Nicholas Vermeulen
  • Sandusky, MI
1
Votes |
6
Posts

How can we make this a great deal?

Nicholas Vermeulen
  • Sandusky, MI
Posted

Hello everyone,

Me and my fiance have a opportunity to purchase the property next door to use for a measly $2,000 here in Sandusky MI. He's the deal the house is falling apart due to a bad roof needs to be torn down, it is twice as big as our place land wise. We are planning on moving  and selling our house which is older and in need of alot of updating. I feel like it is a great deal and could possibly add to selling our house we are just nervous of being stuck with it and it being a money pit rather then a profitable deal. The property according to the owner was last assessment was valued at  $16,000 I looked at the state value and it is currently $12,000 based off just that alone. We were thinking our best option would be to sell on land contract both ad a deal or the house on contract and sell the land next door straight up to someone but to who? Who needs to take the house down. And input would be greatly appreciated Thanks.

Loading replies...