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Updated about 2 years ago on . Most recent reply

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Jomar Felix
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Anyone experienced in Wholesaling rental properties?

Jomar Felix
Posted

An agent came to me with a possible deal in Reading, PA , it is a full gut project. with parts of the house needing a rebuild so, a architect will be involved. It's going for 50k last purchased for 25k. Seller is motivated to sell but, at least wants to break even. For what the seller wants, it wont work for my inventors. My MAO can't be no more then 10k for it to make sense. How can I make this deal work for all parties? or do I just let this one go?

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Matthew Morrow
  • Investor
  • Pennsylvania
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417
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Matthew Morrow
  • Investor
  • Pennsylvania
Replied
Quote from @Jomar Felix:

An agent came to me with a possible deal in Reading, PA , it is a full gut project. with parts of the house needing a rebuild so, a architect will be involved. It's going for 50k last purchased for 25k. Seller is motivated to sell but, at least wants to break even. For what the seller wants, it wont work for my inventors. My MAO can't be no more then 10k for it to make sense. How can I make this deal work for all parties? or do I just let this one go?

Sometimes you have to let them go.  If your MAO is too low for the seller then so be it.  
Have to try and stick with Variables in your control. 
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