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Updated over 16 years ago on . Most recent reply

User Stats

137
Posts
2
Votes
Ram Chandrasekaran
  • San Jose, CA
2
Votes |
137
Posts

Property in the Bay Area - Wholesaling Next Steps Question

Ram Chandrasekaran
  • San Jose, CA
Posted

Team
I have started out on WholeSaling recently. My advertisement in Craigslist has attracted 1 Seller. Apparently, the person has a 5 Bed 3 Bath house about 20 miles from my city (Brentwood, CA). I checked out Zillow and Trulia for the average price in that area and it appears to be $350,000 +/- $10,000. The owner owes 100K more than that and also do not want to do a Short Sale on the house and is looking to buy another after selling this one for what he owes.

I know this is a NOT a deal. Question is, does it make sense to schedule an appointment and go meet this person, talk to him and find out more? In summary, any ideas on the next steps, will help me a LOT.

Thanks much
Ram

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