Need a local investor's take on a lead
Dear BP,
I have a wholesale opportunity in the 36117 zip code. The owner has recently passed away and her sister has contacted me, needing to sell fast. What should I expect in terms of rent (3/2 1400 sqft 1998), what class neighborhood is this, vacancy rates, any other input? More specific location is Sandlewood Dr.
Seriously, any input, knowledge, interest or even just opinions, throw them at me!
Thanks,
James
Most Popular Reply
James,
I live close to that area. I believe the rents are about $1,000 to $1,500. It is generally a good area to be in. I think if the property satisfies the 1% rule then it would be good option. Hope this helps.
Gino