Aristides Rodriguez
Active 2 years, 11 months agoForum Replies Created
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I believe I would approach it this way… I would make sure this is a situation that the owner does not want to deal with. and so I can get a great deal for taking on the challenge. Once I have a great price locked down, I would wholesale it and explain to the potential buyers what is going on and I am sure there will be one or two that have dealt with these kind of situations and make a quick $5K to $10k.
How about to structure a Master Lease on those 20 occupied properties. That way he doesn’t have to sell and get a large tax bill and still keeps most the cash flow. I can take over and raise the rents. Also, I would wholesale those other 4 properties to either landlords or fix and flip depending on how low I can get the seller to sell them to me. What do you think?
Easy said then done? lol.
