Huntsville, AL · Member since 2019 · 2 posts · 0 votes
Hello All,
This is my first post ever, just getting started in wholesaling. I've located a FSBO SFH property from an owner planning to downsize his portfolio. With the stats below, I'm curious to get feedback if you feel this particular property would make sense to a rental investor.
Investor · Austin TX · Member since 2016 · 1k+ posts · 2k+ votes
7y
@Ashley Hawkins That seems like a pretty skinny deal. A rental investor buying off market wants a value add property, basically they will be all in for the ARV. No equity.
Huntsville, AL · Member since 2019 · 2 posts · 0 votes
7y
Thank you Lydia. This is consistent with feedback I've gotten from others. Seems like the low 50s would make the deal much more appealing to an investor. I may discuss with the owner and walk away to see how they respond. Property has been vacant for 8 months.