Possible first deal
Hey guys I'm a newbie looking for my first deal and I have stumbled across a foreclosure in my own neighborhood that has been on the market for 3 days. It is in a very nice neighborhood with good schools.
Details
Purchase price 179900
ARV 235000 based on comps
Tax assessment 208100
4br/2.5bath 1836sqft.
The house is owned by countrywide mortgage and doesn't need any repairs. I haven't contacted the bank to discuss purchase price that is just what it is currently listed for. I am looking at wholesaling this property. As I said earlier I am new and really don't know what i'm doing
THanks,
Phillip