Updated over 7 years ago on . Most recent reply
Under Contract, but NEEEED advice!
Good evening guys, so as the title says we got a property under contract. Technically its 3 adjacent parcels which is a little over .75 acres. Two are are corner lots and one is facing a main street which can also go commercial. So basically its the whole end of a block. The parcel facing the main street has two structures that need a lot of work. I think its a duplex and triplex at first. They turned them into little efficency rooms. Really shoddy work. But they were generating $2500 in rental income. The middle parcel is vacant but being leased out for $600 and I believe has services. The third one kind of blended into the middle one. We are having a difficult time marketing it. Looking for some tips on this one, we would greatly appreciate it. Thanks for reading.
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Maybe partner up with an experienced wholesaler in the area. Part of something is better than all of nothing. Plus, you might learn how to handle the situation the next time it arises.