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Updated almost 10 years ago on . Most recent reply

User Stats

2
Posts
3
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Betty Fuller
  • Investor
  • Cedar Rapids, IA
3
Votes |
2
Posts

wholesaling opportunity or a dud?

Betty Fuller
  • Investor
  • Cedar Rapids, IA
Posted

Hello,

 I am new to wholesaling and have been contacted by a seller in a small town who saw my ad and called.  The property is about 3hrs from my home. The owner is motivated. I would be too if I lived so far from civilization.  He has also said it is in need of a new roof. 

Here is my dilemma, It is a very small town. 300-500 people. No, that was not a typo. The 

houses in the area  range in price from $31,000 to low $90,000. There are not many comps to choose from.

Should I write an offer include a few out clauses,  contact a local realtor and see if we can work out some kind of arrangement.  Or should I just drop it and focus on other leads.  

comments and suggestions are greatly appreciated.

Betty

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