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Wholesaling

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Ryan Mellon
  • Rental Property Investor
  • Williamsburg, VA
2
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24
Posts

Need help on a 2 unit!

Ryan Mellon
  • Rental Property Investor
  • Williamsburg, VA
Posted Dec 2 2014, 11:12

Hey guys, I have a lead on a two unit that I am having a hard time finding comps on in the area because the majority of this area is single family residences.  This property was bought for 115k in 2006 it has a current tax assessment of 130k.  It has both units currently renting for a total of $1030/ per month, $1500 annual taxes and $700 in insurance.  The owner is willing to sell to me for 75k and I would like to wholesale it to someone for 80k.  Do you think I might have a hard time selling it without having solid comps?  Any help is appreciated. 

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