All Forum Posts by: Eugene Thompson

Why would the homeowner even contact me if he has so much equity in home and is asking for full price? Why not just go through real estate agent?

I'm meeting him midday today. Are there specific questions you would ask him? And for wholesaling to work, I can't offer him 80% ARV, right?

Thanks,

Matt

Homeowner with equity in home, who wants to sell property, asked me for a deed in lieu, but I am a wholesaler and I don't know how to talking to a lender to negotiate on his/my behalf.

Home is comped at $130k to $140k. Owes $66k. Needs at least $15k in work but is asking for $130k. It is in/near a good, historic area of city.

A) how should I navigate this so I can profit as a new investor with no experience in this type of transaction &

B) simultaneously get this homeowner out if this situation?