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Updated over 16 years ago,
What to do now? (wholesaling)
I found a potential deal. I sent the bare bones numbers to the contacts I had.
It is a 3 bedroom, 2 bath, 1,056 square foot house here in Escondido. They want $145k for it. The comps I ran but the value at about $230k. The cheapest comp was $247k and the highest was $340k. I subtracted from the cheapest one because that sold in March.
I have a contract that I think will be suitable for purchase, and one for assigning the contract. So my question is what would be the best way to handle this?
I was thinking of calling the broker that is listing it and asking about a viewing then getting pictures of problem areas, and try my hand at negotiating a lower price. Then sending all this information to the people that have responded.
Any tips and suggestions are appreciated.
Even if this does not go through the fact that there is some interest might just be the spark I need to stop ignoring that little voice in my head and get serious.