Updated over 7 years ago on .
What do you know about buying a redemption?
Can you tell me what you know about buying a redemption deal?
I just looked at a deal.
256k at the sheriff sale
8.5 interest on the primary
No seconds
13k to the owner
10k to the wholesaler
75k in rehab that we could do in 2 months
Redemption period ends 8/1
ARV 415k
Would you do this deal?
How scary is it?
What’s your experience?
I’ve got a call into my attorney and title co for opinions but I’m interested in what you have to say.