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

1
Posts
0
Votes
Jason Harris
  • Real Estate Agent
  • Upper Marlboro, MD
0
Votes |
1
Posts

Property under market value minimum repair costs. Determine exit.

Jason Harris
  • Real Estate Agent
  • Upper Marlboro, MD
Posted

Recently I sent out a mailer campaign to my probate list. I just recently received a lead from a seller who is willing to sell me the asset under market value. I will be visiting the property and presenting a contract once I view the property and determine its condition. My exit strategy play is to whole sale this property. However based on the photos I have seen, there are minimal repairs necessary for the property, and as result I do not know if my end buyer will be able to use hard money financing for the project. The target end buyer for the whole sale would be a land lord or a first time home buyer, but then i'd basically be putting this property under contract and re posting it on the market as a FSBO. Is this a good option, good deal? The comps in the area are strong and support the purchase of the property if I can negotiate the price down a little more than where I have it currently. And rental comps are strong as well.

Loading replies...