Is it worth it?
I found a property today and it looked maybe like a nice fix and flip. I did some research to find the owner and even found the owner's phone number! Gave the owner a call and since it was my first call ever I am not sure if I asked the right questions but I did find out something. I found out that he has some liens on the property and owes the bank some money. He had an offer from someone for 100K and more for lower prices and the bank denied all of them. He said he probably needs at least 125K for the bank to accept. Now I haven't run any comps but on my county's website it has an estimated value for 137K.
My question is does anyone have the knowledge to make this deal work maybe been here before? Or should I just let go of this lead?