Current Lead

[Tony Thompson]

I've got a lead where the homeowner has an equity loan that he owes about $59,500.  Now the good party he is really motivated.  The property is 3/2 with 1855 sqft in a great area (high rental) with nearly a half acre lot.  The property needs about 45-50k of rehab. So in order to sell this on a wholesale deal I need to be no higher than $27 on a cash offer. How can I make a deal out of this for my potential buyer(s)?

[Nathan Paisley]

@Jon Moore I love the idea of a sub 2 but not for his first deal IMO. @Tony Thompson I say stick with the free n clear high equity properties. Don't force your WANT to get your feet wet just to get a contract that could be complicated. Get some deals under your belt and then move to a different strategy. Rinse repeat. Get comfortable.

Natedog