Skip to content
×
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
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
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 almost 11 years ago on . Most recent reply

User Stats

916
Posts
190
Votes
Chaz Reid
  • Investor
  • Fayetteville, NC
190
Votes |
916
Posts

THE THREESOME IN THE HOOD!!!

Chaz Reid
  • Investor
  • Fayetteville, NC
Posted

Catchy title huh? Lol, you're nasty.. Just joking...

But anyways, back to business.

I recently found someone that is selling 3 properties for 10k. The properties would require a major facelift and they aren't quite in the nicest neighborhood either (not quite in the warzone, but you can walk there pretty quickly). Two are two bed, one bath, and the other is a small duplex(guessing 2 BD 1 BH). I've emailed the seller and told him that I wanted to speak with him on the phone, but I honestly have no clue what to ask.

I'm assuming that everything is free and clear, but I'm more focused on if I should even worry about the properties because of the location. It would be a super amazing buy for someone who deals with Section 8 housing, but I just don't know...

Any advice or questions are welcome and greatly appreciated!

Most Popular Reply

User Stats

28,314
Posts
19,357
Votes
James Wise#5 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
19,357
Votes |
28,314
Posts
James Wise#5 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
Replied

Chaz.

Go to the properties. Evaluate what needs to be done to them to make them ready to go. Add that price plus the acquisition cost. Is it lower then area comps? Or is it higher?

After you do tthis you will know what you will want to do.

Loading replies...