Calculating an offer on a Preforeclosure

[Robert Burns]

I've started to dig into wholesaling preforeclosures and I guess I'm missing something in calculation an offer.  Wouldn't the offer be at least what is owed to the lending institution?  It could only be less if the seller brings some money to the closing!

[Bob Stevens]

Quote from @Robert Burns:

I've started to dig into wholesaling preforeclosures and I guess I'm missing something in calculation an offer.  Wouldn't the offer be at least what is owed to the lending institution?  It could only be less if the seller brings some money to the closing!

PLEASE STOP, You are not ready and here is why, ( I do not want to see you get hurt ) You do not know how to figure out the reno, or the ARV, without knowing that you do not know what to pay. You also need a title co to check title to see how much the liens are, ON TOP of the PP. PLEASE connect with someone in the area doing deals. Let them do this one as you watch and learn, then go on your own

All the best