rehab property - Posted by mike


#1

Posted by Terry Bowers on January 04, 1999 at 22:20:16:

I think you answered your own question. You need to visit with the seller and understand what they want.


#2

rehab property - Posted by mike

Posted by mike on January 04, 1999 at 22:10:42:

One of my co-workers (not in real estate) told me that one of her clients has a home that they want to sell. It is paid for in full, It would be a rehab project. FMV of home would fully fixed would be $50,000. A rough estimate would me $5000 to get this house to salable condition. My question is should I appproach them with and offer or go first to them and ask them what they need. I would like to buy the house on contract and flip it. i have good cash and good credit, The house if paid for. What should I offer or should I let them tell me what there needs are first? Any ideas are appreciated. Thanks in advance.