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.
Wholesaling
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 17 years ago,

User Stats

42
Posts
0
Votes
Anthony B.
  • Real Estate Investor
  • San Diego, CA
0
Votes |
42
Posts

Buying deep discounted then reselling below FMV

Anthony B.
  • Real Estate Investor
  • San Diego, CA
Posted

I have learned more in depth in regards to double closing and the benefit of it. So I realized the possibility of double closing from a motivated seller to an 'Average Joe' consumer. I am going to do bandit marketing and get some possible deals come my way. I am going to focus on properties that are in need of rehab and wholesale it to an investor, but I would like to be prepared for any deals that might come to the table.

My questions are directed towards this scenario:

Motivated seller comes and wants to sell house at 70% FMV. House is good condition. No repairs need to be made.

1.) No repairs need to be made, so no need for a rehab investor to intervene and bring the property to livable conditions. If I choose to do a simultaneous close with the end buyer being an 'Average Joe' consumer, what are some unforeseen challenges that need to be taken into consideration?

-My first concern is possible traffic of 'Average Joe' consumer traffic through a house that might possibly be non-vacant and disturb the owner.
-Second concern is how to efficiently market the property without a realtor in an effort to emit fee? Smart decision?

2.) Is it better to sell to an investor?

Loading replies...