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Updated over 7 years ago,

User Stats

51
Posts
7
Votes
Sean Kelly
Pro Member
  • Property Manager
  • Nashville, TN
7
Votes |
51
Posts

Stumbled upon an off market deal

Sean Kelly
Pro Member
  • Property Manager
  • Nashville, TN
Posted

Hey guys. This is a first for me.

Got hit up tonight about a distressed property owner with a foreclosure sale of 8/24

I dont know any details yet except she thinks she owes $122k and the home needs maybe $5-10k of work. I'm confident the market value of that property is $190k+

I'm a buy/hold investor w/ my RE license but have no desire to hold this. I have private funding in place to nab it, so planning making a cash offer then flipping and listing. I have not seen the property yet planning on it tomorrow

I've not had these convos w/ a distressed seller before so...

Help?

What questions do I ask? What are my options?

  • Sean Kelly
  • Loading replies...