Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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 over 4 years ago,

User Stats

2
Posts
0
Votes

Wholesale A Duplex but Right side must be Demo’d

DeMarquis Holley
Posted

Hello BP Gang! Man... I have been apart of this forum for a few years now but this is my first post! I am investing in Pennsylvania currently and my question is this:

I have a gentleman who contacted me through a bandit sign who is a genuine motivated (more distressed) seller, at least I believe the circumstances would say that. To preserve discretion of the deal terms I will not include the real financial numbers. 

I am looking to get under contract a duplex for an incredibly low price. It sits on a solid lot, in a solid location, and at face value just looks nice. The right side of the property however has taken severe damage (I am told from a tree) and I have asked several professionals in the industry about the repair and each one has maintained that it must be demo’d. 

I’m a big follower of Kiyosaki when he said “there are deals all around us but we just need to be trained to See them”. I’m looking to see the opportunity that perhaps my experience is lacking in seeing with this deal. 

Some key questions: 

1. Can you Demo only one side of a duplex? (I’m told that you cannot). 
2. If not, what are some options for helping this gentleman out of this situation as a whole? Are there any options? (The left side is very nice) 
3. What formula would determine a fair buying price? 

I appreciate any advice. 

thanks! 

D


P.S. Here’s a Photo of the roof. There is a rather large bulge in the side of the building as well. (I am not sure if it is appropriate to post a photo of a property I do not yet have under contract but if it is not a good thing then I will take it down). 

Loading replies...