First wholesale deal with a $600K mortgage
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.