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

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Creative Real Estate Financing
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 about 8 years ago on . Most recent reply

User Stats

491
Posts
113
Votes
Benjamin Blackburn
  • Wholesaler/ Investor
  • Houston, TX
113
Votes |
491
Posts

2 houses side by side at a discount. How can I acquire both?

Benjamin Blackburn
  • Wholesaler/ Investor
  • Houston, TX
Posted

Hello everyone,

I've been wholesaling for about a year now and I think I've come across two pretty good deals and would like to really acquire them for myself as rentals.  I'm trying to figure out what the best strategy would be though. I have a seller who is looking to sell both of her properties that sit right next to each other.  She is tired of dealing with tenants and just wants the cash to retire and vacation. 

1st property 2/2 she's asking: 70K

2nd property 2/1 she's asking: 55K

Both properties are basically in perfect condition.  They have been newly remodeled.  

The area has gone and is currently going through gentrification so it's a hot desirable. There are 2 and 3 story town homes going up on the street right behind the properties and selling for 255k. I believe the ARV for both properties are around a conservative $125,000.

I currently have about $29,000 cash.  I have 1 primary residence loan and pretty good credit.

Any help would be great.  I really feel like these properties could help my family and I get closer to financial freedom.

Thank you very much.

Loading replies...