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519
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Antonio Bodley
  • AL
29
Votes |
519
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Do I make an offer or pass?

Antonio Bodley
  • AL
Posted

My virtual assistant found me a motivated seller. The seller wants $50,000 asking price. The house looks to be in poor condition in the ghetto. Should I make an offer considering where the house is located? Its condition is poor in an area that is trash and very poor. Do I make an offer or not?

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612
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523
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Brad S.
  • Investor
  • Pasadena, CA
523
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612
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Brad S.
  • Investor
  • Pasadena, CA
Replied

@Antonio Bodley

Not sure why you would consider buying it, since you are just planning on wholesaling it. Just get an option on it, at a price that works for your plan. Then try and market it to a rehabber and if you don’t get any bites, your only out a small amount of option consideration money.

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