It is their present policy to market all of the REOs through agents.

They can prepare rehab lists, receive and give estimates, compile materials lists and present ARV information, showing market activities.

That's how it was presented in the media.

Based on payer's credit and other criteria I would offer them a percentage of the outstanding balance of the mortgage, (close to the present value of the mortgage balance).

Here is the information I look for when presented with a wholesale deal: - Type of closing (assignment, double close, etc) - Address - Price - Estimated ARV and Comps (I won't rely on these, but will indicate if the wholesaler has actually done his job) - Pictures & Condition (Enough information that I know if it's a $15K rehab or a $150K rehab)- Basic Info (Year Built, # Beds/Baths, Square Footage, etc) - Info about access to the property (or how to get it)

That may not be present in more niche applications trying to gain market share.

That does not include terms of a present loan only the idea that payments were made in timely manners per the note, to a degree, whatever those terms may be.

Just continue to learn and save money…and the opportunity will present itself.

There is a technical caveat to that with Tenants in Common but we will leave that to a follow up post if present.

For example in Salt Lake City, an old mall was replaced with City Creek Center, a walkable retail city block where a real grocery store is present.