Updated about 10 years ago on . Most recent reply
To pursue this wholesale deal or not? Buffalo NY
Hi guys this is my first post. I have been actively trying to get my first deal done in wholesaling. Here's the situation. I have a seller who has a property 8br/ 2ba free and clear with fire damage. No structural damage. Estimated repairs 40-50k. ARV about 70k. We agreed to 10k. The thing is seller does not want to go through title company to avoid paying capital gains and wants to get paid upon the deed transfer. One of my buyers says they won't touch properties with fire damage. Is this deal worth pursuing? I'm also not in the area as I live in the Bronx NY but am focusing on wholesaling in Buffalo. Any advice would be appreciated. Thanks in advance!