I have a wholesale deal on contract in the ghetto…great buy/hold/rent property that has really good monthly income.
Here’s the deal:
https://fbcdn-sphotos-h-a.akamaihd.net/hphotos-ak-xap1/v/t1.0-9/1551549_10205253234040318_7803456516432080500_n.jpg?oh=1fcb3f85c4a43d1560109fa0945d8f41&oe=54D4C4E7&__gda__=1424962526_4cf54c230621e5c014b7588a2a2c64da
4/2 Single Family
Purchase Price: $45K
Repairs: $20K…ish
ARV: $115K
Currently rents out for $400/per room = $1,600/Month (right in line with local rents)
- Not a family friendly neighborhood (North Hartford, CT)
- I live 3.5hrs away or I would consider OPM to buy it for the cash flow
Any strategies for helping to get this sold? I have contacted ALL the We Buy Houses ads on CL and Google and offered a JV, contacted ALL of the local property managers, contacted a bunch of the For Sale ads on CL.
Need some good strategies for getting this CASH COW JUNKER SOLD!
Thanks in advance!
Hi,
I don't contract for property I can't sell! The only properties I contract for are those properties whose profiles match those wanted by my investor data base.
I don’t buy property in hopes of finding a buyer as if the local market averages xx or xxx days on market and realtor can’t sell an average home with MLS access, then how can I sell a home that quickly.
Start building an investor data base and push out an email a day or two before you contract a property with a general description and see if anyone in your data base is looking for a fixer in Your City USA
Good luck,
GR