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Updated over 9 years ago,
Potential wholesale deal
Hey BP Fam., I need some advice on how to go about this potential wholesaling deal. The seller wants $89,000, she owes about $70,000 because she owes a loan on the home. She already has a tenant living in there. It needs about $10k to $20k in repairs. The lowest she will take is $75,000 but I know I can take it down to $70,000. Also, the property is estimated at $110,300. What should I do and how should I do it?? The only thing in mind is that if a cash buyer will really pay $70,000 CASH for the property. Maybe $45k, the most $50k, but I don't know about $70,000 dollars all cash. I will highly appreciate an experienced wholesaler point of view. I have read and acquired a lot of information on wholsaling but now I'm totally confused.