I seem people say preforeclosed homes are good homes to go after but how would you sell them? Give me a scenario so I can better understand please.
Thank you in advance!
the same way you would wholesale any other home. If it has equity, of course. I couldnt imagine going through the headache of a short sale just to wholesale, but it could be done.
Find motivated seller (in this case, preforeclosure is the motivation), get a contract with that seller, find a buyer for a higher price and get a contract with that buyer, show up to closing (if a double closing) and close A to B and B to C on the same day. Boom, done!
@Anson Young so pretty much get my end buyer to pay more than the current mortgage is?
@Javon Rice yes get end buyer to pay more than mortgage.
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