@Jason Krick@Jamie WooleyI joint venture with the seller on the light rehab, like a new kitchen but everything else is fineExample $200,000 ARV, , free and clear house , needs $20,000 for new kitchen and $20,000 to resell with commissions and closing costsIf you did a wholesale offer with the house, you'd be 70% of ARV minus rehab costs or $120,000JV works like this: you add up the rehab cost plus the resale calls plus a JV fee of like $10,000 in this example adds up to $50,000Net to seller on JV is $150,000Net to seller on wholesaling deal is $120,000Warning: must have a cooperative seller, must be able to get a JV agreement that allows you to buy on seller financing, giving a note for Equity and no payments for four months.

Now I have seen the light and I have banked a nest egg to get into the multi-family dwelling side of things.

If you want to know about real estate ask Curt, but if you want to know about catching lighting bugs I'm your man😎

The shortfall that most info product marketing promoters don't warn you us that there are a lot of very basic, foundational aspects of real estate that are, admittedly not exciting, but essential and necessary.

However be for warned BP is an incubation site for the industry so most very experienced folks already have their financing in order. your reply's from Marketplace will be dominated by the newer rehabber or the one's that have had no ability to get funding.. so due diligence is warranted .. that being said you may pull out some gems. 

None that should be taken lightly. 

In light of that, I don't understand why others earlier in this thread said the lender's bid was not allowed to exceed the judgment / debt. 

Any words of warning or caution?  

For now I'll just remember to tread lightly when I hear someone's in pre-foreclosure, and seek more advice.

So heres a quick update on today , i stopped by the property during day light to get a good look inside.