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Updated over 7 years ago,
Stumbled upon an off market deal
Hey guys. This is a first for me.
Got hit up tonight about a distressed property owner with a foreclosure sale of 8/24
I dont know any details yet except she thinks she owes $122k and the home needs maybe $5-10k of work. I'm confident the market value of that property is $190k+
I'm a buy/hold investor w/ my RE license but have no desire to hold this. I have private funding in place to nab it, so planning making a cash offer then flipping and listing. I have not seen the property yet planning on it tomorrow
I've not had these convos w/ a distressed seller before so...
Help?
What questions do I ask? What are my options?