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Updated almost 11 years ago on . Most recent reply

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Samara King
  • Chicago Heights, IL
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Hesitation to do deal

Samara King
  • Chicago Heights, IL
Posted

What kind of down payment to put down for FSBO deal? Won't go see seller because I think that they won't sell house through wholesaler.

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Bryan Watson
  • Accountant
  • Essex, MD
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Bryan Watson
  • Accountant
  • Essex, MD
Replied

Hello Samara,

I have not done any deals yet but I would suggest evaluating the deal to make sure it is a good deal before worrying about any down payment, if you haven't already done so.

Also, you will not know what the seller is going to do if you do not go see them. You should gather as much info as possible about the property and process then meet with the seller. There is no progress without action.

 I'm sure there are a number of investors on BP that can give you great advice. Good luck and I hope everything goes well!

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