Foreclosed house /wholesaling

[James Hatcher]

Hello, I’m located in Gainesville Florida and I just have a couple of questions

First off I’ve found a foreclosed home for the price of $90,000 the average price of homes in the area is 155k or more and the property is in good condition. I”ve met with contractor who told me the cosmetic repairs inside would be around 5- 10 thousand, my only problem is finding investors for the property. This is me trying to step into the business any suggestions on what I should do?

[Lydia R.]

@James Hatcher Wholesaling off the MLS is a big no no. Obviously there is more to the story, if its that good a deal (and those numbers arent that great) it would be sold already. Your only real options are to purchase the property yourself and rehab and then sell it or to purchase the property and then market it to potential buyers. But putting it under contract while its listed on the MLS and trying to wholesale it is not the way to go