Urgent Help For Newbie to Make First Deal!
I've never wholesaled a property before, put out in marketing or anything. But have been researching and for the first time today decided to test out driving for dollars. I came across a house that had a Last Warning Before Foreclosure Notice on the door. Whatare the steps I would take as a newbie to make the wholesale process happen as fast as possible? thanks ahead of time for all input!
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That's the general idea yeah, but if it's owner occupied and he's going to lose the house anyway, why wouldn't he at least try to work something out with you? Maybe the cash deal you can offer is enough for him to downsize his current living situation (as well as pay off the bank). If that's not possible, you can assume the mortgage (to hand off to a buyer) and see how much it would cost to bring it up to speed while having a reasonable down payment + monthly payments.