Am I An Accidental Wholesaler?
So I call an acquaintance with a duplex for sale to ask some questions. My intention is to find a 2-4 unit for buy and hold as my first investment. Turns out it's under contract but then he says he's got three single family homes he plans on listing in a few months. All are rented and while I haven't seen them, I pretty sure that they should be in decent shape.
At first I thought I'd pass but then it occurred to me that maybe I could do something with them. He's got a a pair that he wants to sell together. Something about the garage for the one is positioned on the lot for the other house. Rented at $600 and $625. Wants $129k for the pair. Third rents for $500 and wants $56,900 for it. Located in a small town in the midwest. He's selling so he can focus on his other business interests.
So they aren't distressed or at half price. At least I don't think they are. Is there anything I can do here?