Can I wholesale a Foreclosure from Zillow?
Hey guys!
I am new to wholesaling and have been analyzing deals on Zillow to practice with the numbers. There is a 3 bed 2 bath listed for $60,300 as foreclosure. What exactly does the zestimate of foreclosure mean? (listed as $133,000). Comps show similar homes selling for $185,000. Average rental is $1,295/mo and monthly tax/insurance is $110. Is it correct to assume a conservative rehab cost of $20,000 and a closing cost of $2,500? I´m trying to get a sense of what makes a good deal that would justify moving on towards the next step of seeking out a cash buyer. If the numbers are good, it seems to me this is too easy. I assume that because I´m finding this on Zillow I should also expect to factor in the realtor´s commission?