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Updated almost 3 years ago on . Most recent reply

User Stats

80
Posts
34
Votes
Sam Mathew
  • Real Estate Investor
  • Pembroke Pines, FL
34
Votes |
80
Posts

Seeking to sell Investment Home

Sam Mathew
  • Real Estate Investor
  • Pembroke Pines, FL
Posted

Hello Bigger Pockets Members,

I purchased a 4/2 1200 sq st home at auction at 50% of ARV for $70k. Market Value should be $145-150k. Rent of about $1500/month.

I purchased home all cash and I had to evict the occupants.  The home is ready to rehab work and then rent out.  

Since I already have several projects already in-progress, and my team spread thin, I decided that I will sell this one, most likely will need to be wholesaled since rehab work needed.

If you can help, please let me know how I can find local wholesalers in the Metro Detroit, Michigan market.  Or let me know if you may have other thoughts/advice also.  Thank you.

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