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QUESTION ⁉️ “Good day. I’m needing some advice!
On Saturday, I had a property walk-through with a seller on a home that was built in 1943. It’s a 2 bed 1 bath.
It’s been vacant since 2014. The owner owes about $2,000 in taxes and the comps in the area are going for $70,000 fixed up.
This home will need a full rehab. So I estimated around $45,000 - $50,000 in repairs.
It has no central AC, the roof needs to be replaced, the whole 9.
My partner and I offered the seller $10,000 but he asked for $20,000 the next day.
Deal or no Deal?”
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ABOUT YOUR HOST ::::|
Ola "Tux" Abitogun is the Creator of myEmpirePRO and author of Smart Real Estate Wholesaling. He became a FULL TIME entrepreneur in October 2006.
He is a computer engineer and an engineering management graduate from New Jersey Institute of Technology; (NJIT) class of 2004/5. He was born in Dallas Texas and raised in Nigeria by his Nigerian parents. He considers himself a proud Nigerian American.
Today, he is a marketing addict, trainer, marketing and business consultant, real estate investor and all around serial entrepreneur. Most importantly, he is husband and a father. The professional work he is mostly proud of is personally helping 1,000+ entrepreneurs around the world reach greater heights in their careers.
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