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12
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Gene Corral
  • Homeowner
  • Tomball, TX
0
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12
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wholesaling new homes

Gene Corral
  • Homeowner
  • Tomball, TX
Posted

I have been scouting my area for potential wholesales and I was wondering if there is any profit in new homes there are several in my area that were built about 3 to 4 years ago but have never been sold or lived in the asking price is far below what it was originally listed for when it was first built. I'm not sure how much lower they would be willing let them go for but I'm wondering if it is even worth while looking into these properties?

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Jon Holdman#3 Real Estate Deal Analysis & Advice Contributor
  • Rental Property Investor
  • Mercer Island, WA
14,132
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Jon Holdman#3 Real Estate Deal Analysis & Advice Contributor
  • Rental Property Investor
  • Mercer Island, WA
ModeratorReplied

The original listing price is irrelevant. What are they worth now? If there is a deal here (i.e., you can get them under contract for 60-70% of the current value) then these might be a deal.

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