OfflineOriginal price of house was 245K their asking price is 120K. (X) County appraised value is 218,040. House needs repairs. 2012 taxes are 5954.16 that need to be paid by Jan 31st.
I ran across the owner who is trying to sell it himself. Any suggestions. I'm waiting to hear back from my business partner about repair estimates.
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On the surface this sounds like it could be a good deal but you need more information. I would find out what the property is worth by getting 5-6 comps and seeing what the current value is. That's the more important thing you can do at this point. If you find a cash buyer that is interested they will have plenty of time to take care of the taxes before January.
Chris
"Faith is the eternal elixir which gives life, power, and action to the impulse of thought.
"Faith is the starting point of all accumulation of riches!"
- Napoleon Hill, Think and Grow Rich
know:
Does it meet your buyers criteria?
FMV
repair cost
vacant? how long?
rent rates =?
ARV
what price you can SELL it for FAST? Know your market.
factor your fee
Take out the guess work!!
USE the tool below, it does ALL this for you and creates a very Nice presentation for your Buyers.. Shows profits, ROI's, pictures, turn around time, rental etc.
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Mike
see links below
Mike
https://tvallc.isrefer.com/go/RehabLite/renvestr/ Free tools
thank you!
I will let you know what happens