I’m wholesaling properties in the Saint Louis County Missouri area and will be putting all the deals I come across on here for everyone’s review and/or input if you so choose to leave any. Here’s my plan…
- Post the deal here in this forum
- Take your input
- If a deal, get the property/properties under contract
- Find a buyer fast
- Double escrow and done
- Come back and post the deal play by play with the numbers from start to finish.
Here’s Deal #1
(landlord comes to me with three properties)
He want’s to sell for what he owes and retire somewhere. He says he owes $35 K each
Two of the properties have tenets of over 5 years and are paying $700/month rent. The other is vacant but habitable.
Here are quick numbers per Zillow and my county assessors website
Quick Ballpark Values/Rents
Zestimate County Assessor Zestimate Rent
$52,800 $48,900 $817
$45,663 $46,500 $810
$43,800 $39,900 $813
All properties 3br/1ba
I posted it here https://post.craigslist.org/manage/4345137162 and contacted all the buyers I knew. No bites yet.