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Updated over 5 years ago on . Most recent reply
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Question on a Deal possibility
Hey what’s up fam I’m new to the forum and I have a question about a possible wholesale deal. I’m in west palm beach FL and I have a home owner who’s looking to sell her home and I’m sure this is a good opportunity for me. The home has deferred maintenance and the only real issue is that the home owner’s late husband built an efficiency in the back of the home without pulling any permits. The Arv is in the low 200k plus a conservative 20k In repairs. She owes 93k on the mortgage. My question is how does the unpermitted construction play a part in the type of offer I should give her? Any input on this would be greatly appreciated.. Thanks.
Most Popular Reply
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@Barry Pekin Thanks for your input. For the research I’ve also gathered you’ve definitely help point me in the right direction.