Ok, here's the info I have so far on the deal.
She's looking to sell two of her properties because she's moving to California. I didn't go into more depth on that situation.
She's looking to sell one property for 40,000. Which was also the price that it sold for last year. C class neighborhood, but by the number I think it was cash flow positive. Keep in mind that I'm getting this information from off Zillow.
The 2nd property she's looking to sell for 124,000. It last sold only for 89,000. Looks like it's in a B class neighborhood. I'm not sure about this price. From what I gathered off Zillow not too many houses have been sold in the area in the pass 6 months. And if they have been sold, not in the 120,000-140,000 price range.
Both properties are also gutted out and need electrical wiring ran through. That's the only 2 defects she named.
She said she already met with one other investor which I'm guessing is an wholesaler too but is still looking for another opinion.
Tomorrow I will see how it goes.
