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Updated 23 days ago on .

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Jacob Kong
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2
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Advice on Wholesale Foreclosure Deal

Jacob Kong
Posted

Hey guys, currently a fresh wholesaler, never got a deal before, and just recently called a guy looking to sell a 4 bedroom and 3 bathroom home in Detroit, Michigan with tenants. Seller said that only 2.5 years ago, he dropped $25,000+ in renovations for the home. Thing is, this property is in foreclosure, and I'm not too sure how to navigate this deal? He bought the home for $420,000. I'm thinking someone could do something creative with this or if anyones interested in buying? This is also my first post here so excuse me for the messiness.