All Forum Posts by: Namon Thorn

Great post!!!!

thnkz everyone I really appreciate the contructive comments!! :)

thnkz

Hi BP Fam!!!!

I would like to "pick your brains" again. I had a guy (seller) called me and said that he had a house in Amite,La for sale. He told me that it was a two bedroom. (It's a"junker"). It was built back in 1966 wood frame 1475sqft.The seller, is asking $30K. Per the assessor's mrkt val it's worth $39245. However, the house has been vandalized. Everything but the kitchen sink is missing. Wholes in the walls etc.... Anyway,I have found out that the house was purchased back in 2001 for $28K. I wanted to make the seller an embarrassing offer of anywhere form $5000-$6500 ( maybe). The house if fixed up should bring about $25k-$30K. The neighborhood is in lower income area. of Amite La. Do you think that would be a "good" offer? Thanks for your response in advance. Sincerely, NewB Namon

Hey Thanks!

Congrat! McKenley I hope to soon be following in your footsteps!

Namon Thorn

Hey Paul,
Congrts!! What title company did you use here in Houston?

Namon

Hello BP Fam,
I have a question for anyone one out there. Has anyone ever wholesaled fire damaged houses before? Is flipping these type of properties any different from a regular wholesale non-fire damaged house?

Thanks
Newbie Namon

What would you offer for a vacant residential lot say 60x120? Would a realtor be able to get comp on vacant lot sold, not far from the subject lot?

Ned,
Would it be 'ethical' to offer ie. $6000.00 for the house?