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Updated over 10 years ago on . Most recent reply

User Stats

87
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9
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Vanessa Burgess
  • Real Estate Investor
  • Philadelphia , PA
9
Votes |
87
Posts

What should I do ?

Vanessa Burgess
  • Real Estate Investor
  • Philadelphia , PA
Posted

One of my direct mail letters was received and the son of the owner received it. He doesn't live in the state or doesn't know the condition of the property so he is referring me to his sister who does live in the state. I was told the father is elderly and not in his right mind so I have to talk to the daughter. Before I got off the phone with the son I confirmed the address  and looked online and couldn't find much that could help me evaluate the deal. Which also has a vacant lot next to it that's owned by the owner. So this morning I drove pass the property it was on a tiny block which no one lived on all the houses where abandoned. So I don't think this is a good deal to wholesale. The area isn't great. I didn't find this property on my own someone referred it to me because they saw it was abondaned and knew I was looking for vacant/abandoned properties.  So I don't know what to do. I'm pretty sure the daughter will call me about the property. Should I still try to wholesale the property? So I refer the property to someone else ? Should I just tell the daughter I'm no longer interested? Any suggestions or advice for me ???

Most Popular Reply

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1,469
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817
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Troy Fisher
  • Specialist
  • Kirkland, WA
817
Votes |
1,469
Posts
Troy Fisher
  • Specialist
  • Kirkland, WA
Replied

You are already putting roadblocks up to your success.  If you are telling people you are looking for vacant/abandoned properties thats what you are going to find.  Have you networked with anyone who is buying in the area? Have you reached out to your network?

The other thing is, it's a lead.  Why cut it off before you know you can't get it?  What if they only want $1,000 for it?  You never know until you know.

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