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Updated almost 6 years ago, 03/06/2019

User Stats

16
Posts
5
Votes
Andre Clarke
  • Rental Property Investor
  • Philadelphia, PA
5
Votes |
16
Posts

Wholesale deal with $600k mortgage

Andre Clarke
  • Rental Property Investor
  • Philadelphia, PA
Posted

Hello everyone. I am in New Jersey and I have my first potential seller who is Highly motivated to sell his house. He said the house has a mortgage balance of $600k. He bought it 2 years ago for $780k and I see one house recently sold for $765K that has almost the same amount of Square ft, and another for $600k with half the size in square footage. Is this a deal worth taking? Do you Think I could potential assigned this deal to a end Buyer and still make money from this deal? What should be my max offer? Please help anyone and thank you.

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