Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Wholesaling
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago on . Most recent reply

User Stats

90
Posts
25
Votes
Brandon Connell
  • Investor
  • Galesburg, IL
25
Votes |
90
Posts

Alabama investors, can I get a little help?

Brandon Connell
  • Investor
  • Galesburg, IL
Posted

I got a lead from Alexandria, AL from a homeowner who hasn't lived in the property for 6 years or more. It needs nearly NOTHING in repairs. A small water leak was repaired and the ceiling needs a little fixing, and the back porch needs updating/replaced. Other than that, the house is beautiful.

He owes $138k and that's what he is asking for the property. I ran some comps. The Zestimate which is always inflated (except in certain cases) is around $148k. The market value was around $152k in '13. This property is near retail. But would it be a good wholesale deal due to not needing repairs?

Loading replies...