How big is too big to wholesale?

[Mike Schorah]

Saw a property going to auction on 12/8. I normally don't mess with pre-foreclosures over $350k (or this late in the process) but this one would have about an $8,000,000 ARV and they only owe $4.5 million.

My HML never specified a max amount for his pre-approval. He just told me to fill in the blank and if it's a good deal, he would fund it (If I was to flip or BRRRR it).