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 9 years ago, 02/04/2016
wholsaling property in Maryland
Hi,
I'm a new real estate agent licensed in NY. A friend called me about a house she has in Maryland and wants to get ride of. Its been vacant for 12 years in that condition. There are taxes due of $700 and a water bill due of about $250. I would like to wholesale it to an investor since I don't live in Maryland. I was thinking of putting it under contract with an assignable clause, (where I can also pull out for any reason if need be), I don't know anyone in Maryland, but would really like to deal. Your thoughts as to what are the steps I should take in sequential order. Thanks
Hi Michael,
I am currently buying properties in Maryland. Contact/message me the address and any other info you may have on the property. If the numbers work I will pay cash and can close within 14 days.
Hi Michael, could you tell me where in Maryland? Thanks Greg
What part of Maryland is it located in?
Michael,
It's as simple as you just said. Get the home under contract, an assignable contract would be best. Then find a buyer for the contract. You can put in inspection period or due dilligence period in the contract so that you can back out for any reason without penalty.
Where is the home? If the home is in an area that I work I'd be happy to analyze the deal for you and tell you what I'd pay for the home. If the numbers work I'd certainly take the deal and be happy to pay you a finders fee.
Good luck,
Justin
Hi Michael,
I would be happy to work with you and your friend on the deal; no pressure reach out to me if you like. Have a blessed day!