Pre Foreclosure, Taking Over Financing,

[Dominic Ruegemer]

Hey guys, I have the rights to buy a pre foreclosure (the sherif sale is on Wednesday). It’s located near Zimmerman Minnesota, just north of Minneapolis and St Paul by Elk River. It’s in a great neighborhood on two acres. I can get it for 27,000 down and take over the remaining loan of $178,000 at 4.5%. It’s a 1979 3bed/2bath/2stall attached garage and Zestimated at $245000. It needs a huge clean up, a new front door, some light fixtures, a couple new windows, and some paint. Is this a good deal? Should I buy? Wholesale? It hasn’t cost me anything yet. Thanks in Advance!