Have a possible Wholesale deal but need help/advice
Thanks for your help in advance! So I came across a possible deal with someone that is in pre-foreclosure. She is pretty motivated to find a solution. The house is a 4 bed 1 bath 1483 sqf home with basement and garage located in the Denver market. The homeowner isn't to sure how much she owes on the property but has estimated it at 60 to 70k. Ive tried to look for comps but haven't had any luck with finding similar ones that have sold in the area (maybe I'm doing it wrong or using the wrong websites). I did find one that was 150k a few blocks away but without basement, garage and not brick.
I have not seen the house on the inside but from what im told its in good condition. I would calculate maybe 10k in repairs just to be safe.
Being that it is in the Denver market would it still be worth following the 70 percent rule? If so would it require a short sale? Also, can anyone Help me out with some comps from the MLS? Any advice to make this deal work?
Thanks You!