Wholesaling Pre Foreclosures

[Mohammad Qadir]

I have a couple leads that go up for Auction Dec 4. Is it too late to get them under contract and assign it to a end buyer? Any advice?

[Lydia R.]

@Sam Brooks the only way to know what a seller owes a lender is to talk to the seller directly. In order to determine if its a viable deal you must know the ARV of the property, find out how much is owed, plan on giving the homeowner some money to move (depending on how much equity they have--more equity = more money they are going to want) and have an accurate estimate of the repairs that will be needed to get the home to the ARV you calculated. Once you have all these pieces you can put them together and determine if you have a deal. Hope this helps!