Flipper/Rehabber · Salinas, CA · Member since 2019 · 4 posts · 0 votes
Me and two business partners went to our go view a property in which the owner is very motivated to sell. It is a brand new house built this year, The only thing that needs to be done is the backyard(which is just all dirt) said needs to sell and the ARV is around $545k , she paid 518k. I was thinking of possibly doing a lease option but if much rather just wholesale it to get rid of it. What should I offer? Also what discount would a rehabber or renter pay for this property? Is there anyways to wedge a way into this deal ?
Wholesaler · Dallas, TX · Member since 2019 · 95 posts · 28 votes
6y
Are the sellers willing to sell at a substantial discount? Because if the seller wants around what they paid for it doesn't seem like it’ll be a good wholesale deal to me.
Specialist · San Antonio, TX · Member since 2012 · 865 posts · 351 votes
6y
That's not a property you can wholesale. The numbers don't make sense to do that. Depending on the area this might be a property that you could do a mirror wrap or Sub2 on. Of course if you take title you are ethnically responseable from that point on. If you're just trying to make a quick buck you will need to pass on this one.