Wholesaling Burnouts: Has Anyone Done This?

I have an opp to place a burnout under contract for $2500, High comp in area $85k

This is a bad burnout, is $2500 still too much and what should I do from there?

Comments(4)

  • JohnCl24th August, 2004

    Sounds like a bulldozer candidate.

    What is the lot worth?

    JohnCl

  • 205JUNKERS24th August, 2004

    Only $10k

  • jam20024th August, 2004

    Yeah, if you're going to do anything with this one, sounds like you need to find a builder, as it's a classical scrape and replace candidate.

  • 205JUNKERS24th August, 2004

    Would that be a good investment for a builder? How much would it cost to construct a house say 1500 sq ft with 3 bed - 2 bath?

    The neighbordhood is a highly desired area for the that price range in my town..
    [addsig]

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