Updated almost 10 years ago on . Most recent reply
First deal
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.