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Updated over 6 years ago,

User Stats

20
Posts
3
Votes
Christopher Aleman
  • Wholesaler
  • Orlando, FL
3
Votes |
20
Posts

Wholesaling Newbie- Please help.

Christopher Aleman
  • Wholesaler
  • Orlando, FL
Posted

Hello all!

So I just made my account on here and wanted to jump right in if I may....

I've been looking into wholesaling for the past week, watching videos, reading articles, etc. I've even looked up properties on my local tax assessor's website to find homes with different mailing addresses to get a feel for (what I believe) I would be doing on the daily to find deals.

Today, I was driving around my area and found a house that looked vacant and abandoned; tall grass, bordered up windows.. I immediately took a pictures and jotted down the address and looked it up on the tax assessor's website and see it was sold two years ago to "Daylight Capital LLC" which seems to be some investors..

My question is, if in fact the home is owned by current investors, what are my chances of them wanting to sell the home at a low price, and what formula should I use to know my "starting" offer price?

Also, do I consider the land and the building's assessed value in my offer price? This property in particular was valued at 73,000 (land) + 37,723 (building), but was sold for $23,400 two years ago. I'm a bit confused.

Sorry if I'm all over the place, or getting ahead of myself. ANY HELP IS APPRECIATED. 

Thank you to anyone who responds...

-Chris Aleman

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