Im looking for try and wholesale the contract.Maybe itll work out, maybe it wont, if not, i can move on, and hopefully i'll have a deal done by the summer.

Do it NOW - put it under contract NOW, market it NOW, get a contract NOW, get earnest money NOW, close NOW, pay me NOW. 8) I personally don't do inspection reports on my wholesale deals, and unless I think the title might have some issues I do not wait for title work to come back before I start marketing it.Time is essential in marketing a wholesale deal and every day you wait to market it costs you money and could possibly cost you the deal.

Worked for a wholesale bank for the the last several years.

Just spoke to [wholesaler] adv has 2 estimates for repairs. 1 for $6k [basic paint, carpet] the other for $15k [paint carpet, landscape, new drywall, etc.]Will make my own assessment on Monday.

I am a salesman for a wholesale plumbing supply company.

Two were purchased from a wholesaler for an assignment fee are back on the market and priced right but I'm still waiting for the right buyer.

After 10 posts you can put your home in the residential section, but expect to offer it for 70% LTV or less, are most here are wholesale investors.If you are only trying to sell your house, try Craigslist.Thanks

RE investing can be started at any point in your life so it could be a perfect way forward.If you can find really good deals (more or less implied earlier) then wholesale them for short term cash.

thank you both for your wise words, well anyway i guess i'm just so anxious to do my first deal. especially a deal like this were the homeowner is in distress and states to you how much equity is in the property (i know i'm a beginner, but i don't see how he'll benefit by lieing to me about the amount of equity in the property, because he already stated he doesn't want to sell the property, and i already stated to him i'm gonna view the property/mortgage paperwork)well anyway i must say i agree with you both, from first look it seems the best way to do this deal (thats if all the number are right) will be to purchase the house for the amount left on the mortgage, and give them moving cash and etc (this way i'll have alot of instant equity within the property, which i could either wholesale to another investor or put it on the market at a small discount and sell it retail because of the properties perfect condition, then i could even try a short sale to build up more equity to make the two above tactics more profitable for me)now the only tactic i can think of that would work, were they will get to stay in there house and will be profitable/beneficial to me as well is to then purchase the property real cheap (whats owed on it) and offer to lease option it back to them at a higher interest rate and at a higher property price, but i think this tactic will be risky with this individual because of his credit and the nature of work he's in (construction were some parts of the year your without work and tring to collect unemployment) so this is what i plan on doing, i first plan on putting together a list of questions i must get answers to at the tuesdays meeting i plan on having with them, then i plan on explaining the whole foreclosure process to them and the uphill battle they face (which i hope will change their position about not wanting to sell their house under any cumstances), then i plan on making a smooth exit and letting them know i'll be back in contact with them to let them know what i think their best solution is to solve their problem (this tactice is to buy time, so i can really cruch the numbers and speak with others to really figure out the best win-win for everyone, thats if their is a deal their)if anyone has any other suggestions please let me know

Is the fire damage too severe to try and wholesale the deal to a rehabber?