HELP ME WITH MY FIRST DEAL, PLEASE!!!!

[Chaz Reid]

Ok, so I am pursuing a motivated seller that has three properties he wants to get rid of BUT when I look at the tax information for the properties, its listing them as storage spaces. He only wants $5k for all three properties. Its in a kind of negative part of town but for $1.6k for each property, do you think its worth the time and effort? Two properties are duplexes and the other is a single family home. They all need complete rehabs and the comps for the area aren't too bad but for some reason, we can't find the tax value on each property. Its listing all three under on tax card and on that its only showing a appraisal value of roughly $15k.

So with your experience and advice, what would you do?

[Summer Whitten]

@Chaz Reid Sounds like you are off and running. Go for it. Be sure to check for liens on the properties. And I agree with Shequann - go down to the county and ask them to pull the records on those specific properties. All after you have tied the properties up.

Also, what is your exit strategy if all looks like it appears? Flip? Hold and rent?

Let us know how it goes.