SOLD! Auction Brokers Sells Another One - 11 Unit Commercial
Here's some video of a Auction we did last week- an 11-Unit mixed use property that needed renovation in Dundalk, Maryland. And yes as usual, I'm doing my typical antics of pulling people's hands up in the air and yelling at people to bid.
It sold for 185,000...but what really floored me is that the high bidder said her partner authorized her to go up to $300,000 when we were doing the paperwork.
But the best part- this was a property that an Investors United student had under control with a contract, and will make over $65,000 on an assignment fee!
EDIT: Here is the page for the property on the on Auction Brokers website http://www.auctionbrokers.net/auctions/auction_detail.asp?AUCTION_ID=1202
If you have questions about selling your wholesale deals through public auction send me a PM (we are expanding to other states and I am looking for Joint Venture partners).
| Website: | http://www.InvestorsUnited.com |
| Phone: | 4104266000 |
| Fax: | 4104268000 |
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- "Thanks Nick"
from Charles Parrish, on Multi-unit Seller Reveals A Little Too Much Information... - "Great video Charles! "
from Nick J., on Multi-unit Seller Reveals A Little Too Much Information... - "Sorry I didn't respond to your comment earlier. Off the t..."
from Charles Parrish, on SOLD! Auction Brokers Sells Another One - 11 Unit Commercial - "Good job! What do you think rehab will cost? What will ..."
from Jon Klaus, on SOLD! Auction Brokers Sells Another One - 11 Unit Commercial - "The Maryland real estate exchange auctions are a great wa..."
from Kenny Holcomb, on Auction Fun at the Maryland Real Estate Exchange
about 1 month ago
Good job! What do you think rehab will cost? What will it rent for after rehab?
about 1 month ago
Sorry I didn't respond to your comment earlier. Off the top of my head, I don't know what the buyer intends to do with it. The property has potential for a mix use or it could be made 100% residential 11-unit.
Here is the page with more detail http://www.auctionbrokers.net/auctions/auction_detail.asp?AUCTION_ID=1202