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All Forum Posts by: Manuel De la llata

Manuel De la llata has started 1 posts and replied 2 times.

Post: Under Contract, but NEEEED advice!

Manuel De la llataPosted
  • Houston, TX
  • Posts 3
  • Votes 0

@Roland Paicely I took the advice and started looking into national wholesellers. Hopefully something good comes up. 

@Shawn Crawley, you brought up a really good point regarding protecting your deal. Could you give me some tips on how to do that. FYI, we have recorded a memo. 

Post: Under Contract, but NEEEED advice!

Manuel De la llataPosted
  • Houston, TX
  • Posts 3
  • Votes 0

Good evening guys, so as the title says we got a property under contract. Technically its 3 adjacent parcels which is a little over .75 acres. Two are are corner lots and one is facing a main street which can also go commercial. So basically its the whole end of a block. The parcel facing the main street has two structures that need a lot of work. I think its a duplex and triplex at first. They turned them into little efficency rooms. Really shoddy work. But they were generating $2500 in rental income. The middle parcel is vacant but being leased out for $600 and I believe has services. The third one kind of blended into the middle one. We are having a difficult time marketing it. Looking for some tips on this one, we would greatly appreciate it. Thanks for reading.