Wholesaling
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated almost 10 years ago,
Deal for a buy and hold investor?
Hey folks
I could use your perspective on a potential deal I'm working on.
I want to know if this may be worthwhile to market to buy and hold investors .im concerned about my reputation and don't want to market bad deals... Here is the info..
First, it's in good neighbor hood.
Owners are tired of being landlords and just want what they owe
Existing mortgages 207k
ARV 245-250k
Rents for $1750
Needs 5-10k to get rent ready ... A little drywall work, some paint and a little carpet... And appliances.
It's a split level on 3/4 acre.. A few blocks from water.
Upstairs is 3/2
Downstairs is 1 bedroom, living room , 3/4 bath and full kitchen... Could be a mother in law unit or even split into a duplex.
The sellers are very motivated and right now we are exploring a lease option, but I'd rather wholesale if I could for even a 2-3k
Any input would be nice.. Regardless I would like to help them somehow...