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Updated over 8 years ago on . Most recent reply
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Possible wholesale deal
So I was out driving for dollars the other day and came across a vacant house (notices on door). I walked up to the property to take a peak and the neighbors were out on their porch and they asked if I needed help with anything. So I walked over told them I was an investor blah blah and asked if they knew any info about the owner they said yes. So I asked for any contact info because I was interested in buying and the guy just says ohh I'm going to buy it first. So I was like ok, when is she planning to sell? And he says oh not for anther 5-7 years. I said wow that's a while do you know why? And he said that she said it's a long process(most likely pertaining to payments or the bank?) anyways I went back to find the address of the owner and couldn't find it using tax records. so I did some more snooping and found her new address in Washington..
My question is do you think I will have an advantage over the neighbor by offering cash via wholesale deal? Cause it seems like she's tied up with the property. The house may be a total mess inside who knows if it is even worth it but it was an interesting scenario.