First Wholesale Deal
Hello BP members,
I have my first of 2 call backs from my yellow letter campaign. I literally sent out 5 letters 3 days ago and have 2 call backs. Both are FSBO's and one owes a small loan amount and the other is free and clear. The free and clear is selling for $1.7mil and is worth $1.9mil. Yes I am the guy who aims for the stars in all that I do. So I'm going to look at it tomorrow. Its on the water with a dock pool 3.5 acres 4000sq ft etc. So my question is how in the world should I go about this one. Should I wholesale it to someone or should I attempt to do a lease option to a high end lessee who can afford to put 3-4% down and pay rent there instead of the traditional 20% down most banks are asking. Her house has been on the market for 2 years now. Oh added details, I have a very deep pocket investor who I've linked up with seriously an unbelievable blessing so I'm wondering should I wholesale it to him. Any feedback is welcomed! Thanks everyone