Is There A Deal Here?

Comments(6)

• 
  TheShortSalePro20th April, 2004

  Nobody can tell you to deal or pass on this without first knowing your intent, and capabilities.
  
  If you wanted this home to live in, and felt that $178,000 was fair, then grab it.
  
  If you wanted to buy it to resell quickly, I'd say that there isn't much room for profit.
  
  What is your intent?
  
  [addsig]

• 
  pk2420th April, 2004

  Thanks for the quick reply, SSPro;
  
  My intent is solely to wholesale this house. I have buyers who say they are interested in upper-income properties, i just don't know if the profit margin is there, and after reading your response it sounds like it ain't.

• 
  Leatherneck20th April, 2004

  I have actively started birddogging and I don't think I would bring this to an investor as is. Why does he want to sell? Divorce or Death? Is he behind in his payments? What could be done to get some leverage to make this a more attractive deal?

• 
  who_me20th April, 2004

  How motivated is he? Will he take what is owed?, or maybe an extra 5K for equity? Go visit and see what shape the house is in, then start working on getting the selling price down as close to whats owed as possible. If he will this could be a nice deal........

• 
  kaikaboy20th April, 2004

  offer him 155K

• 
  pk2420th April, 2004

  Thank you all who have replied- I couldn't appreciate the quick responses any more than I do.....