found a property 3 bed 1.5 bath. Asking 59,900. Look at the pictures. It needs a full gut to me. I know the home in the area got to sell for more than what there asking. I check it out on zillow just to get a rough estimate of what the home values in the area are.
I know that is not the best way to get comps. Anyways the value of the homes in that area between $166-189k
I called the agent. I asked if the home was a reo. He said yes. The bank has 3 offers and hasn't responded yet. Its been on market 40 days.
I told him I need to do some more due diligence and will get back with him If i decided to put an offer in.
I think this is a possible wholesale reo deal.
Problem is I don't how to submit an offer.
Dont have any end buyers lined up before hand.
Maybe im barking up the wrong tree.
Anyways let me know either way.
I am newbie who has been reading and reading and reading. Ready to make a deal happen
