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Updated over 10 years ago on . Most recent reply

User Stats

68
Posts
12
Votes
Nichole Wall
  • Wholesaler
  • Orwell, NY
12
Votes |
68
Posts

Property found on Craigslist

Nichole Wall
  • Wholesaler
  • Orwell, NY
Posted

So I found this property on Craigslist...

I have a house in Geneva NY valued at $170,000 by Homesnap. The average home price in the zip code is $161,000 and it's right on the Lake so it's obviously in a good area. It's a 2 story 4 bedroom single with over 2000 square of living space in good condition. I owe about $80,000 taxes on it, and I need to sell it fast, and I'd like to get what I can for it in cash.

Geneva NY is a beautiful town and has got Hobart and William Smith and other colleges. But I don't know how many Syracuse cash investors like to buy outside the City. If you're open to it, or know someone who is, please let me know fast. Thanks.

It sounds like this guy is in a bind and if he truly is... how I could wholesale this?? Meaning... I don't know any investors in this area to wholesale too. And I'm assuming (which might make me wrong), investors would already be looking on Craigslist for properties like this. Is it safe to assume to run the numbers for AFV, minus the taxes and repairs and get it under contract for that price if the seller agrees to it?? Please help!

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