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Updated about 10 years ago on . Most recent reply

User Stats

13
Posts
6
Votes
Jeorgia B.
  • Dallas/Fort Worth, TX
6
Votes |
13
Posts

Very Motivated Seller but Can a Wholesale Deal Be Done?

Jeorgia B.
  • Dallas/Fort Worth, TX
Posted

Hi BP Family,

I received a call today from a gentleman who owns a home in Weatherford, TX that is about to be auctioned off tomorrow morning due to delinquent taxes. He owes $42K and the ARV is only about ~$60K. He indicated there is no mortgage on the property or other liens. We haven't been to the property but in looking at the outside, courtesy of google earth, it appears to be in bad shape. My husband and I are newbies so we're not sure if there is a creative way to help this person and do our first wholesale deal in the process or whether we should let it go. Help! :-)

Most Popular Reply

User Stats

788
Posts
640
Votes
Rocky V.
  • Flipper/Rehabber
  • Arlington, TX
640
Votes |
788
Posts
Rocky V.
  • Flipper/Rehabber
  • Arlington, TX
Replied

Pass.  Numbers are to slim and time is limited. 

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