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Updated over 8 years ago on . Most recent reply

Rashard Alomari's profile image
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Rashard Alomari
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  • from Memphis, Tennessee
  • Member since Apr 16, 2016
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Rashard Alomari's profile image
Rashard Alomari's profile image
Rashard Alomari
  • Investor
  • from Memphis, Tennessee
  • Member since Apr 16, 2016
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Rashard Alomari
  • Investor
  • Memphis, TN
128
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214
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Wholesaling

Advice on "Junkers" (properties under 5k)

Rashard Alomari
  • Investor
  • Memphis, TN
Posted
Looking for advice on wholesaling very cheap properties that are vacant. I'm having trouble finding buyers for these properties. Are they worth pursuing?
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Chris Boyd's profile image
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Chris Boyd
  • Realtor
  • from Fort Lauderdale, FL
  • Member since Jan 3, 2016
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Chris Boyd's profile image
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Chris Boyd
  • Realtor
  • from Fort Lauderdale, FL
  • Member since Jan 3, 2016
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Chris Boyd
  • Realtor
  • Fort Lauderdale, FL
144
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271
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Chris Boyd
  • Realtor
  • Fort Lauderdale, FL
Replied

If you are having trouble finding buyers, yes, you are wasting your time. Most are probably teardowns, and if it's not in a good area, most won't want to build there. It's not impossible, but there are better ways to make money. Why not look for properties 50k and under? 

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