Is this a Deal?
Pretty motivated seller wants to sell his old home to move to his new home. Here are the numbers:
Asking - 200k (way too high)
Owes - 165k
FMV - 170k thru 185k
He has tennants living in the home now but I don't know what they are paying for rent.
Owner/Landlord says the house does not need repairs (as far as he knows)
My exit strategy is to wholesale but can't figure if the tennants will make or break this deal.
Any help will be appreciated. :D