Raleigh, NC · Member since 2016 · 53 posts · 8 votes
Hello BP World.
I have a rental property in Raleigh, NC that I need to unload.
Here are a few extra details:
ARV: $250,000
Repairs Needed: $15,000
Price: $230,000
-New wood grain ceramic tile
-New Carpet
-New interior paint
-Popcorn ceiling removed, and painted
Tenant is month to month, and is just waiting for us to sell the house so that they can move on.
I've already spent over $10,000 on repairs and rehab but it still needs another $15,000 to look like new. My wife and I would like to focus our attention on a new company we started.
I'm only putting this out here to see if this generates any attention. If there are no interested buyers at this price point that are willing to take over the project, I will finish the rehab myself and attempt to list it for full price in March.
I don't understand your post. Are you offering it for 230 or 235? And is the proposal that someone buy it for that throw in $15K more just to either make $5k or break even. Or is this meant as a live in sale vs. an investment.
Also, it does not look like you or your wife own this property based on the Wake County tax records?