Recently, I have been generating leads from folks who have upcoming balloon mortgage payments and they would like to sell fast & move on from the property.
In both instances, the properties do not need much work and would sell as-is in the retail market, for retail price. Typically I target distressed properties but I was curious if anybody is dealing with these type of deals?
I have one under contract at a discount.
There is a nice spread & feel I can either whole tail the property & sell to retail buyers as opposed to wholesaling it. But i'm open to either situation. I would like to get some feedback from the community. Thanks in advance.
Account ClosedI have dealt with sellers with balloon payments coming up as a wholesale deal. What do you have? Is it in L.A county?
Yes, in a great area in La Mirada.
@Account Closed - if it’s under contract please send it to me. I have buyers actively looking in La Mirada.
@Nick Hedberg hey Nick. Property is no longer available. I’ll be sure to reach out to you on the next one. Thx