I am working on deal #3 and I have seven deals pending.
I was just shown a three bedroom with two bath which was recently rehabbed. According to Totalveiw it is worth $86,000, on the market for 481 days and recently reduced to $70,000, the Realitor has been told any offer under $65,000 would need to be approved short sale.
I was thinking a cash offer should be for about $49,000. Other than earnest money I am without the means to buy this right now. Details available by phone.
The market it is in here just East of St. Louis, in Southern Illinois is not bad potential, however the best strategy would be to take a lease with option for $80,000 and get about $5000 down and take one or two years to help someone buy it to sell it at retail while helping someone get a house.
95% of the rehab has been completed less than $2000 could finish it out.
About four feet of vinyl siding blew off a couple days ago and and about three feet of the furnace trunkline duct needs to be re fabricated since they moved the furnace.
Any suggestions or input welcomed
If we can talk just PM me you.phone number and I will contact you.
Brian
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We purchase and resell Homes. We also buy mortgage notes. We also take some debt takeovers.
DG Family,
I need help and / or a partner.
I am working on deal #3 and I have seven deals pending.
I was just shown a three bedroom with two bath which was recently rehabbed. According to Totalveiw it is worth $86,000, on the market for 481 days and recently reduced to $70,000, the Realitor has been told any offer under $65,000 would need to be approved short sale.
I was thinking a cash offer should be for about $49,000. Other than earnest money I am without the means to buy this right now. Details available by phone.
The market it is in here just East of St. Louis, in Southern Illinois is not bad potential, however the best strategy would be to take a lease with option for $80,000 and get about $5000 down and take one or two years to help someone buy it to sell it at retail while helping someone get a house.
95% of the rehab has been completed less than $2000 could finish it out.
About four feet of vinyl siding blew off a couple days ago and and about three feet of the furnace trunkline duct needs to be re fabricated since they moved the furnace.
Any suggestions or input welcomed
If we can talk just PM me you.phone number and I will contact you.
Brian
We purchase and resell Homes. We also buy mortgage notes. We also take some debt takeovers.