Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Wholesaling
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 10 years ago on . Most recent reply

User Stats

4
Posts
0
Votes
Mwanzo Mallard
  • Van Nuys, CA
0
Votes |
4
Posts

Is this a good offer?

Mwanzo Mallard
  • Van Nuys, CA
Posted

"I am selling my house $450k - cash buyers only or hard money

This is like brand new 2006 built -we are first owners. No repairs needed. White paint still all throughout since it was built.

4 br 3 baths 3 car garage ( tandem) I love the house but just need cash right now. We are going back to W Covina - our first house. You can sell at $550. Need to close the deal. If you want, while waiting on your buyer after buying, I can rent it so no sleeping money for the investor. I can help you sell it with 20 % ROI.

I am a licensed real estate broker

Do you have hard money?  (Yes)

You can have 60-80% roi
I just need money
Will even help you sell it
We can close in 10 days"

Would you do this deal?

Most Popular Reply

User Stats

81
Posts
24
Votes
Derek Faller
  • Rental Property Investor
  • Bend, OR
24
Votes |
81
Posts
Derek Faller
  • Rental Property Investor
  • Bend, OR
Replied

I am guessing that this part of your post was taken from an ad you found somewhere:

(I am selling my house $450k - cash buyers only or hard money

This is like brand new 2006 built -we are first owners. No repairs needed. White paint still all throughout since it was built.

4 br 3 baths 3 car garage ( tandem) I love the house but just need cash right now. We are going back to W Covina - our first house. You can sell at $550. Need to close the deal. If you want, while waiting on your buyer after buying, I can rent it so no sleeping money for the investor. I can help you sell it with 20 % ROI.

I am a licensed real estate broker

Do you have hard money? (Yes)

You can have 60-80% roi
I just need money
Will even help you sell it
We can close in 10 days")

It sounds kind of fishy to me. Why would a licensed broker sell you a house for 450k that is worth 550k and then offer to help you sell it for 550k? If it is true it seems like a good deal, but I would definitely verify the market value of the house and what you could sell it for along with having a home inspection done and title check and insurance to make sure there isn't something they aren't telling you.

Loading replies...