Updated almost 9 years ago on . Most recent reply
Might be a dumb question.
In wholesaling is it best to find properties that are fully paid off? Because that's what I'm thinking or otherwise it would be considered a short sale if the owner sells it for less than what's owed on the house. Am I correct?
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You are talking about two seperate things. It does not matter if there is money owed on the property. As long as you buy it for more than the amount owed. If you are trying to buy a house in preforeclosure and the amount owed is more than the value of the house, then you do a short sale.