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Updated about 10 years ago on . Most recent reply

User Stats

30
Posts
1
Votes
Dominiqe Ware
  • Lender
  • Temecula, CA
1
Votes |
30
Posts

Wholesale Tax Foreclosure

Dominiqe Ware
  • Lender
  • Temecula, CA
Posted
I have a deal in working on, I'd like to get some feedback on. There is a property that is going through tax foreclosure but there is no sale date set. I have talked with the owner and they are willing to sell the property subject to. I would like to wholesale this property to an investor to hold or flip. The investor would need to pay the $15k in owed taxes and rehab the property for 40k. My fee would be 5k so in total the investor would have this property rent ready or flip ready for 60k. ARV on this property is 120 and it would rent for 850-900. Would this make sense?

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