Confused

[Betsy Chacon]

Ok here it is... I look for properties that look vacant , then I look them up. But let's say the owner bought the house @ $200,000 in '06 but now the house is valued at $85,000. Would that be a house that they would want to get rid of or that I should even look at for wholesaling? I ask because I know the value is much less than the purchase price but would that be worth for the owner to want to get out?

[Michael Jobe]

@Betsy Chacon there's other variables to take into consideration. Do they own the house free & clear or are they still paying a monthly mortgage? Also have a realistic expectation that if the owner paid $200k for the subject property and now its appraised value is only $85k then the chances of them allowing you to get it under contract for an amount where you can make a little money is unlikely.