Newbie wholesaler & millon doller deal

[John A thomas]

Good evening all,

I have a potential good problem to have and need advice. In summary I am a brand new wholesaler and started calling a tax delinquent list. Well, my 10th call was answered and the seller was motivated to sell the 3.6 million dollar home 😳. Comp sells are well below asking and considering back taxes paid and reno cost taken from the 70% ARV value there is still a large margin for profit. My problem is since I am new to this business I want to be sure of my next step, either to capitalize on the deal or stop and not waste the seller's time. I would appreciate any advice. Thanks!

[Victor S.]

John to wholesalers is like Liam Neeson to the guys that took his daughter. Lydia is on point with her suggestions. Start small and grow, but do it in a legit way or Li...I mean John will have to deploy his particular set of skills...