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Updated about 10 years ago on . Most recent reply

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Shequann Burrwell
  • Wholesaler/rehabber
  • Arcadia, FL
22
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appraisal look up

Shequann Burrwell
  • Wholesaler/rehabber
  • Arcadia, FL
Posted

I have a lead in North Carolina. Already spoke to the owner and he is telling me that the property appraised for 150k. I have ran comps and did my research and the property is located in a high crime rate area and there isn't a single house near by the supports the 150k appraisal he says he had done. not even close. Its also a odd shaped lot which doesn't work in the favor of any seller.  Is there any way to look up the appraisal so I can make him a offer and get this under contract.?

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Brian Gibbons#5 Guru, Book, & Course Reviews Contributor
  • Investor
  • Sherman Oaks, CA
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Brian Gibbons#5 Guru, Book, & Course Reviews Contributor
  • Investor
  • Sherman Oaks, CA
Replied

@Shequann Burrwell

Owner wants to buy lease option?

I think you mean the owner will consider SELLING on lease with option, and that means leasing.

What is the market rent?

Why are you looking in a crappy area of NC? 

About 26% of the population were below the poverty line.

No offense to Wilson NC.

Poughkeepsie NY is awesome, look into college housing, my brother went to Vassar.  Lots of cash available from those students.

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