We Must Be Living Right!
My partner found a sweetheart of a deal.
A brand new duplex; 2/1 each side, deeded as 2 condos. Never been lived in and never put on the market. The builder is involved in other major projects, like stadiums and malls and hasn't had time to deal with it...wants to dump it.
Appraised at 170K 2 months ago, and he's giving it to us for 100K. Now what do we do.....sell it to another investor at say a 20K profit or sell it to owner occupants and get 75K a side. Hmmm?
I think this is a no-brainer.
I vote: no brainer. Show me the money........take the bucks from the owner occ's.
Good on ya, mate,
Noel
[addsig]
Why not start out sale price at 84,900.00 which is appraisal price per side. It is easier to reduce the price than raise prices. Make all you can out of the deal.