Wholesaling
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 8 years ago,
Wholesale a burned property
Hello all I am a new wholesaler working on a deal right now and i was hoping to get some advice on the risks involved in this deal. The seller is asking for 60k for the house as-is but it has come to my knowledge that the people that she was renting the property out to burned the place because they were evicted. According to the seller the property needs to be "demolished". Is there any money to be made here on this deal or should my partner and I move on? Do you think a cash buyer would be interested in a job that is more than just rehabbing? I know that the seller wont get the price she is asking for and my partner is heading out to the property tomorrow. Any info or advice would be amazing! Thanks guys!
Jared