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Updated over 10 years ago on . Most recent reply

User Stats

28
Posts
8
Votes
Rosalynn Rice
  • Houston, TX
8
Votes |
28
Posts

HELP! New Houston Investor Needs Advice From Seasoned Investors Familiar With Houston/Humble Market

Rosalynn Rice
  • Houston, TX
Posted

Hello BP Community
My name is Rose and I am a relatively new wholesaler/investor from Houston and I want so badly to help this seller out of her situation. The problem is I am not sure if there is room to structure a deal or which strategy to employ for that matter. She has a house with a balance of $140k , got comps placing market value at 164,800. The house is move in ready, according to seller, and pics I have seen online (was previously listed), I will go see and take pics this week for myself. My question is...do I stand a good chance of finding an investor that I can just wholesale this property to, tacking on a bit for my assignment fee? I was thinking that this may be a sub2 candidate but I am completely uncomfortable employing this strategy at the moment because I have not educated myself enough on this topic nor would I feel comfortable not having a real estate lawyer involved to draft proper paperwork or advise. Any advice is appreciated because I want to help this lady with her problem as I feel this is what I am in this business to do. Thanks!

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