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Updated almost 14 years ago,

User Stats

45
Posts
3
Votes
Winniferd B.
  • Real Estate Investor
  • Houston, TX
3
Votes |
45
Posts

Wholesaling in Houston

Winniferd B.
  • Real Estate Investor
  • Houston, TX
Posted

So I did some more cold calling today for some properties I found while cruising for cash and I spoke to what I think is an extremely motivated seller. She said that the property had been listed by an agent but didnt sell and Im assuming it expired. It was listed for 105k, but she said right now they are open to all offers. They purchased the property in 02 with the intent to renovate...not sure why it never happened. I did some research and found out they hadn't paid the taxes for the last few years, but they are only about 2,700.00. They're also a little over 3k delinquent on the taxes for the home they live in....so apparently they need the money.

Now I'm suppose to meet them on Saturday morning so I want to make sure I've done my homework and make the best possible offer possible without offending them. The neighborhood has homes that sell for up to 300K. It's a potential 7 unit multi family and located near a college so there's great rental potential there. She said its in ready to renovate condition.

Im new so I've never done estimates..would it be wise to bring a contractor with me for the walk thru. Is that even possible?

Also, when you make offers to you go into detail as to why you're offering what you're offering?

And where can I get the most accurate comps since I dont have access to MLS or an agent right now?

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