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Updated almost 10 years ago,
Mentor telling me bad information
hello...I have been working with a mentor lately and she has been helping me with marketing. She is very knowledgable with wholesaling and I am happy that she has been assisting me. I finally have my first potential deal and the numbers do not work for me(so I feel). There is a single family home in Atlanta ga that I am trying to wholesale. ARV $65,000. I do not have any pictures of the properties yet but the owner stated that it has fairly new hardwood floors and the only thing that it needs is a new thermostat. The houses had been rented twice for $800 (fairly low for the area) in the past since the owner has had it and right now it is vacant. My mentor is telling me that, even though the seller told me that she can not do anything lower than 60k, she still wants me to go look at the property to take pictures. Also, she stated that I may find a cash buyer that is willing to pay $65k, which we calculated to be the ARV. Is this a potential deal? Should I even bother to waste my time viewing the property?