All Forum Posts by: Maurice Daniels

Thank you for replying Steve. I agree the deal is cutting it close. In general, on a wholesale deal, do I add the lien amounts to my offer to the seller?

I have a potential wholesale deal on my hands. The ARV is $260k. The seller's mortgage balance is $187,571 and he has about $11,000 in liens. The seller wants to walk away with $5,000. When making my offer to the seller, do I include the lien amounts in my offer? (187,571+11,000+5,000=$203,571

The property needs $26,000 in repairs. There are 3 hospital liens that total $6,298.24. There is one from Revenue Services Inheritance tax division in the amount of $2,454.68. Another from an credit company for $1,475.28. Real estate tax for $1,061.25. The mortgage $187,602.54. The property's ARV is $260k.

How would I wholesale a property with liens attached to?

We are wholesalers in the Danbury, CT area and we find great deals. If you are interested, please contact us.

thank you

Congrats on your first deal!!!

thank you for your time guys, thanks for the info

thank you everyone for sharing your info with me