Updated almost 6 years ago on . Most recent reply
Advice Need on fire Damage Properties in Detroit
First deal I actually accomplished was in Detroit Mi. Property has fire damage. It seems like no one wants to really do anything with this property. I need advice. Should I keep marketing or just cancel the contract? What would you do? So with this property if I had the funds I would actually rehab it myself but unfortunately I don't nor do I have the credit to back me up. The property is 2,210 sq feet it's a 2 story duplex and the neighborhood is about Gentrification. The ARV is $90,000 and my ask price is $18,000. I also have a contractor with a team who said they will rehab it and gut the first floor because that's really the main part that needs to be gutted to the studs and the labor with materials for the entire building is less than 15K in repairs. The foundation is solid. Idk if I should give up because like It seems like I can't find a true cash buyer. What would you do?