Real Estate Deal Analysis & Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 5 years ago,
Wholesale Flood Property
Investment Info:
Single-family residence wholesale investment.
Purchase price: $185,000
Cash invested: $10
Sale price: $186,500
The owner of a SFR who had moved out of the country wanted to sell his house that has received extensive flooding during hurricane Harvey. The house had sat for a year without flood mitigation of any sort. I was able to negotiate a price that made sense even after repairs but was not interested to undertake the project myself. I assigned my contract to another investor looking to acquire the property as a rental for a small assignment fee.
How did you find this deal and how did you negotiate it?
The seller found me through my listing on Google.