Flipper/Rehabber · Phoenix, AZ · Member since 2015 · 80 posts · 10 votes
Hello BP Community!
I have a motivated seller with a rental property in Phoenix, Arizona, Laveen specifically, who is an absentee owner from Idaho. He is getting older and interested in cashing out.
I am interested in wholesaling this house and here are some of the stats on it.
4 Bed
2 Bath
2112 sqft
6,400sqft lot
Built 2003
Rent is estimated at $1150/month
Comps or ARV for neighborhood is 180,000.
Owner owes 102k
Wishing for 160k, but knows he won't get that much from me.
Phoenix is a rather competitive market with a small lack of inventory currently, says my realtor.
Since this house is in great shape, it doesn't have the opportunity to be fixed up for some forced appreciation and profit like your typical wholesale/flip deal, it's probably best suited for a buy and hold investor.
What should my max offer be? Any creative solutions rather than simply wholesalling to fit this specific deal?
I can help you with the offer if you need it. just shoot me an email or PM. I can also tell you what I would pay for it and anything under you can keep.