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Buying & Selling Real Estate

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Pono Wright
  • Las Vegas, NV
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Is there a deal in this this scenario?

Pono Wright
  • Las Vegas, NV
Posted Jul 6 2014, 06:32

I typically focus on land contracts but every now & than I get contacted by motivated  people who want to sell there house. I hear a lot of people talking about wholesaling/ owner carry & learn more about it being that I get submissions from time to time. 

The possible deal: owner owes $130k & the house is worth $150k. Can someone give me ideas if there is a possible deal here or is there not enough equity to work with.

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