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Updated over 12 years ago,
How to Handle Various Situations (How's THAT for broad!?)
Hello fellow biggerpocketer! I am a buy-and-hold investor of 12 years and I'm a realtor, but I'm new to the wholesaling sector of RE. I'm working out on paper how to handle various scenarios from motivated sellers. Some input from a seasoned wholesaler would be fantastic. My question is this: What are the options for handle the following situations:
1. Seller is upside down
2. Seller has no equity
3. Seller has little equity - 5-10%
4. Seller has lots of equity but still has a note in place
5. Seller is free & clear
I don't foresee any other conditions, but if you can think of one I'm open to learning : )
I realize this topic isn't going to be answered with a one-liner, so thanks in advance for your hard work!