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Updated about 15 years ago on .

User Stats

16
Posts
4
Votes
Timothy Bormuth
  • General Contractor
  • shawnee, OK
4
Votes |
16
Posts

Need advice

Timothy Bormuth
  • General Contractor
  • shawnee, OK
Posted

Deal
3 bedroom house needs rehab
52.70 acres (50 acres are wetlands)
2 acres are zoned commercial ,residential
asking 250,000.00
sewer not connected
My Plan
1)called contractor about sewer meeting thursday
2)got permission to enter house to see amount of rehab
3) called county about wetlands did no budge

Dont know if I could flip cause of wetlands

1)Was thinking land contract rehab house, keep for myself or sell later.
2)I dont know if a investor would be interested because of wetlands.
3)keep property and sell the 2 acres
4they did seem interested in if I dont want the property I could rehab the house

Any advice or suggestions Please

If anything ill make money rehabbing the house and gain expierence.Im not sure on my offer price Iwas going to tell them if land contract little earnest money or DP because of cost of repairs

Thanks
Tim
Have a Great Day