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Updated over 5 years ago, 02/26/2019

User Stats

17
Posts
4
Votes
Somaya Abdelhadi
  • New York, NY
4
Votes |
17
Posts

BIG investment deal happening need help ASAP!

Somaya Abdelhadi
  • New York, NY
Posted

Hello guys, so I have a seller who offered 10 homes for 500,000 all together he says the Zillow estimate for the combined properties is $780,000. All are rented except for one and they bring in $7,560 a month. My partner and I are new to this, we just bought a list and began cold calling. We are trying our hand at virtual wholesaling in Memphis. Somehow we stumbled upon this and I must admit I was not expecting something like this out the gate and I’m just trying to wrap my head around it.

So obviously, I have to look at the comps on each one and figure out how much they’d be worth all together as a bundle. But how do I go about structuring this deal and will cash buyers be willing to buy the bundle? At first glance the properties don’t seem to need much work based on the Zillow pictures. He also said he doesn’t really want people walking through the property and disturbing the tenants, so how would that affect this whole equation?

If you are familiar with or have experience with this type of situation feel free to comment or message me. Any advice is welcome!! Thanks in advance

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