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Updated almost 8 years ago,

User Stats

43
Posts
3
Votes
Harriett Williams
  • Stockbridge, GA
3
Votes |
43
Posts

How to approach this Deal.. is it even a deal?

Harriett Williams
  • Stockbridge, GA
Posted

Hello BP family,

I have a motivated seller who is a landlord. He is looking to sell his property asap because he cannot find good tenants and only has 2 months rent left toward the payment. He owes 115,000 on the property but it is only worth about 136,000. As a wholesaler how should I approach this deal? or should this be something I pass up due to the amount he owes vs how much its worth which doesn't give me or a cash buyer much spread!

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