All Forum Posts by: Donovan Boyd

I'm going to meet with the seller to sign the contract later today. I have all the variables except the rehab cost which I plan to get tomorrow. My question is, when I present the contract to the seller do I make the purchase price of the property the amount that the seller wants 5k, or the total amount with the 19k in taxes plus the estimated rehab amount plus my fee added to the amount the seller asks for?

to be honest time is closing in and i'm getting nervous.
Any help is appreciated guys, thanks.

Mr. Barnard

Thank you for your reply, I really appreciate it. I now feel like there is some hope for constructing a deal where everyone can get what they want. For now I will get a rehab estimate, and maybe re-negotiate with the seller.

Thanks again..

This should be interesting at the least so I plan to keep posting.

Hello all,

I have just recently contacted the owner of the property that has been abandoned at the end of my street. My goal is to perform an assignment of contract and wholesale the property. Because of the condition I haven't been inside to see how much it may cost to rehab, but i do know that 11k is owed for city taxes and 8800 is owed for county taxes. The county taxes have to be paid by sept 14th. The 4 comparables I have found show that the houses arv is around 70k, and i'm still determined to do the deal. So my question is, from the prospective of an investor, is there just to much baggage? Or could I actually forge the contract for around 13k to pay of the county taxes so the property won't go through the tax sale. Would this deal still be attractive to an investor, even with the 11k owed in city taxes?

Any help is appreciated thanks