Updated over 12 years ago on . Most recent reply
Pre-Foreclose Wholesale
I am really interested in doing wholesale on pre-foreclosures, initially to build capital at first. I was just wondering of any strategies out there for doing such a thing. Also, what is the best way to contact the people that are being foreclosed on?
Things I would like to know.
1. Should I try to get the people that owe about have of there mortgage or less?
2. Where do I get the contracts to start the sale?
3. Where are the best places to find buyers in your local market for wholesales?
4. Also, if I do find a buyer, is there a formula in the industry for the finders fee part?