Anyone doing lease option in southwest Colorado?
I have been contacted by two sellers in southwest Colorado (one in Cortez, the other near Durango) with single-family homes that:
-- Have NO mortgage
-- Need NO rehab
-- Are already priced at 85% of FMV and
-- Could very likely be purchased at between 70% and 80% of FMV.
I'm 7.5 hours away in the Denver metro area. I'm looking to wholesale these deals (note -- not under contract yet). Is anyone doing lease option in southwest Colorado and needs move-in ready homes to place tenant buyers in?