Seeking Advice on Wholesaling a Property with Tenants

[Jonathan Wheeler]

Hello, I'm new to wholesaling and have a lead on a property with an out of state owner who has a long-term tenant.  The owner tells me they are motivated to sell and willing to considerably discount the property for a fast transaction, without realtors, commissions, closing costs, etc.  Being new to this, this isn't the type of transaction I envisioned for my first wholesale deal but it seems to be an opportunity since there's motivation and some equity.  My research indicates the owner owes around 100K and the property is worth conservatively about 125K in good condition.  Could there be a deal here?  What questions should I be asking the seller? Since my end buyer would likely be a buy and hold investor rather than a rehab investor, what factors would be looked at in determining if there's good deal here? Thanks in advance for input.