Quote from @Janet Behm:
Sojourner,
It sounds like you would benefit from some investment training.
Do a deep dive researching "Due Diligence."
Check the National REIA (Real Estate Investors Association) web page and find a local association.
Then join the group. Talk to other investors and ask for guidance.
Jumping into this deal, may or may not be good.
Better to let this deal slide by rather than pull the trigger and be sorry for years to come.
Patience and learning.
Janet,
How are you?
May I say;
I have completed some successful deals & as I am educated in the investment industry I am still learning everyday as I go. This question was put in format for investors (who I’m sure have been in the industry longer than me) to give their opinion on the property and it’s potential fair pricing. By any means due to the price that the owner is asking for, can Probaly make it difficult for an investor to receive profit in this current market.
My intentions were not to jump into the deal, which is why I’m asking a question with detail. The property may be better off being on Market due to the pricing , and features of the home (which I failed to mention) & if that is what’s best for the seller than I will gladly recommend that. This question was not just for me, I like to do what is right and if that’s recommending an agent to the seller than I will be more than glad to do that.
Overall, thank you for your advice, I am still looking for opinions on this topic.
have a great day !
