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Updated over 6 years ago on . Most recent reply

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8
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0
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Kelan Johnson
  • Realtor
  • Sacramento, CA
0
Votes |
8
Posts

Advice on my first wholesale deal

Kelan Johnson
  • Realtor
  • Sacramento, CA
Posted

How's it going,

I had some a question regarding my first potential wholesale deal. I don't have much experience and this would be my first time even trying to wholesale a deal, but I've found a vacant property in a great neighborhood. There's a code enforced notice on the home saying unsafe to occupy because lack of electricity. I've looked up the home and they owe property taxes on the home.  About 2700 towards the "Direct levys amount" and 5700 towards the original bill amount. No one lives there and it's boarded up yet the market value for homes  in the area are average 350,000. Should I proceed and see the situation and from the outside so far does this seem like a good deal?

Most Popular Reply

User Stats

107
Posts
30
Votes
Ron Orr
  • Bloomington, MN
30
Votes |
107
Posts
Ron Orr
  • Bloomington, MN
Replied

You want to reach the owner
Find out about what mortgages are on the place. Are they current. Are they fixed or adjustable. Is he or she motivated

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