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Bird Dogs, Wholesaling, Flipping Properties Forum
(Moderators:
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Bluemoon06
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kdhastedt
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Mdhaas
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motivatedceo
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Wholesale in the ATL???
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Topic: Wholesale in the ATL??? (Read 784 times)
big dog
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Posts: 21
Wholesale in the ATL???
«
on:
April 12, 2005, 10:20:47 AM »
I'm new to this site and have a question about wholesaling a property I have under contract.
Here are the details:
The property was listed at $180k. It is under contract for $160k. The home is in bad shape but in an up and coming intown Atlanta neighborhood. Older homes in the neighborhood are being renovated and sold for $280-320k. Other homes are being torn down and new homes built on the lots selling for $400k+ (the new homes have not been build/sold yet but the lots are being prepared -- and they are only about 10-12 houses down on same street).
How do I locate a developer who will buy the lot to build on? Or should I buy and attempt to renovate? FYI, i'm scheduled to close by end of month and need to act fast. Also, the lender is having issues with the house b/c it is not currently in "good condition" despite the house appraisal coming in above purchase price.
Any thoughts?
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Bird Dogs, Wholesaling, Flipping Properties Forum
(Moderators:
$Cash$
,
Bluemoon06
,
kdhastedt
,
Mdhaas
,
motivatedceo
) | Topic:
Wholesale in the ATL???
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