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I said I would walk this deal...and here is the story.
You gotta turn over a lot of rocks when you hunt #realestate deals and things are almost always better or worse deals than presented.
The neighborhood is 'up and coming' and an area I sell regularly. This particular block is the edge of the edge.
The wholesaler presented this as $67k price/80k rehab/250k resale.
Not so fast. We knew it would be a total gut. But other issues exist.
The basement for example.
Not so fast. We knew it would be a total gut. But other issues exist.
The basement for example.
And guess what is missing in the back? - Off street parking. You will need to take out the retaining wall.
Covered secure parking is a must to pull the $250k price. That puts us in the $110k rehab range.
Covered secure parking is a must to pull the $250k price. That puts us in the $110k rehab range.
My favorite part of this rehab project tour? .. the young man whose full time gig is scouting deals & opening doors for the wholesaler...
@williambeaird_ may have a few of those working for him. We walked the 2nd floor together:
@williambeaird_ may have a few of those working for him. We walked the 2nd floor together:
This is one of many real estate hustles I cover in my e-guide. It can lead to much greater things. One of the best ways to earn while you learn
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