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Updated almost 9 years ago,

Shawn Gardner's profile image
Shawn Gardner's profile image
Shawn Gardner
Pro Member
  • Investor
  • from Flossmoor
  • Member since Feb 10, 2016
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User Stats

38
Posts
12
Votes
Shawn Gardner's profile image
Shawn Gardner's profile image
Shawn Gardner
Pro Member
  • Investor
  • from Flossmoor
  • Member since Feb 10, 2016
Connect
Shawn Gardner
Pro Member
  • Investor
  • Flossmoor
12
Votes |
38
Posts
Buying & Selling Real Estate

First deal

Shawn Gardner
Pro Member
  • Investor
  • Flossmoor
Posted
I'm working on my first deal and it's an REO. Asking price is $41,600 and I looked at comps and they're around $135,000-$145,000. This place is going to need a $60,000 make over. I plan on putting in an offer tomorrow for $27,000. I'm not into the rehab thing just yet so I plan on wholesaling this deal. What's the best way to acquire this property? I've heard of a few different ways but I want to what's the norm for acquiring REO's to wholesale. Any advice is much appreciated.
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