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Updated about 4 years ago,
My First Virtual Wholesale Deal
I recently found a deal outside of my state, it is on zillow on a "AS-IS" for sale condition with over 100+ days with only 15 safes and 400 views. it is priced at $145,000 but for the condition it is at the moment I would offer $75,000 have an assignment fee of $15,000and with a remodeling cost of $40,000 puts us at $130,000 and based on my comps house is worth upwards of $200,000. The house across the street, same neighborhood sold this year on 2-20-20 for $185,000 which the house is in good condition but not updated in any way (appliances, carpet/floor, paint, lighting, etc). House has 4 bdrs, 2 bth & 1,350 sft, single family build in 1926. It last sold on 8-3-15 for $88,000 and based on "popstreams" data the owner has been living for 5 years and 4 months. He currently owns $74,000. I have all the data but dont know what to do next. I am looking for a friendly title company in Lincoln, Nebraska which I know I need to have in order to have someone record. I also know I need cash buyer, which I believe to have but wont really know until I advertise my deal. But what else?? I dont know where to start or if this deal is any good. I would love some kind of help or advice. This is my first wholesale deal as well as virtually hahah obviously. Thank you for all your help BP.
Sincerely
Jay Nieto 25 y/o investor in Las Vegas, NV