Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 2 years ago on . Most recent reply

User Stats

7
Posts
1
Votes
Hassan Adan
1
Votes |
7
Posts

Seller is not motivated to sell

Hassan Adan
Posted

Hey everybody I'm currently in the talk of getting my first deal but I am dealling with an unmotivated seller. The building has no heat, no eletric. The sellers plan was to build a 3 family there but zoning will only allow a 2 family.  Building has to be demolished and built from the ground up as there are many defects to it, So then they were going to renovate but decided it was too costly and time consuming,  he wants 200K so he can sail away from real estate but the property is not worth that asking price in the current condition. This is my first deal and I don't have 200K sitting around. The numbers on this deal are fantastic after renovations with a cash on cash return of 859.19% but right now I am dealing with an stubborn seller and unsure of what to do should I back away from the deal? Let me know what you guys think. 

Most Popular Reply

User Stats

2,724
Posts
1,114
Votes
Kerry Noble Jr
  • Investor
  • Indianapolis, IN
1,114
Votes |
2,724
Posts
Kerry Noble Jr
  • Investor
  • Indianapolis, IN
Replied

Follow up with him......you cant force motivation....

  • Kerry Noble Jr
  • Loading replies...