All Forum Posts by: Jonathan Jones

@Kevin Fletcher. Thank you Kevin. What you said makes since. I think I will see if I can find a builder for this as the sellers alre looking to sell just under tax value. I had another member inbox me telling me that sometimes you can get the local fire department to use the house as a burn training house for new firefighters and then just haul the debris after they finish burning it to save on demo cost.

Would it make since to try to wholesale it to a particular builder or would any builder do?

So I am working the number to place my first offer on a house to wholesale. 2/1, 972sqft, 1.99acres, built 1948 and surrounded by solds of superior homes from $120-236K. Asking price 80K with one failed deal as previous buyer failed to show up on the last closing. Owner died and sons trying to sell it. Only problem I am having with creating a value is that homes like this one have not sold in the area yet are under .5 acres compared to most of the other homes that are either new construction or 2+ more bedrooms and baths. Also, the home is in such poor condition the seller said it should torn down and rebuilt. How do you valuate a property where the majority of the value is in the land as the house structure takes away value because of it's condition? How do you valuate a home where rehab cost are more than the value of the structure or using demo cost. Where do I get demolition and rebuilding costs? Any help will work. Thanks