All Forum Posts by: Jacob Kong
Jacob Kong has started 2 posts and replied 2 times.
Post: Advice on Foreclosure Wholesale Deal
- Posts 2
- Votes 0
Hey guys, currently a fresh wholesaler, never got a deal before, and just recently called a guy looking to sell a 4 bedroom and 3 bathroom home in Detroit, Michigan with tenants. Seller said that only 2.5 years ago, he dropped $25,000+ in renovations for the home. Thing is, this property is in foreclosure, and I'm not too sure how to navigate this deal? He bought the home for $420,000. I'm thinking someone could do something creative with this or if anyones interested in buying? This is also my first post here so excuse me for the messiness.
Post: Advice on Wholesale Foreclosure Deal
- Posts 2
- Votes 0
Hey guys, currently a fresh wholesaler, never got a deal before, and just recently called a guy looking to sell a 4 bedroom and 3 bathroom home in Detroit, Michigan with tenants. Seller said that only 2.5 years ago, he dropped $25,000+ in renovations for the home. Thing is, this property is in foreclosure, and I'm not too sure how to navigate this deal? He bought the home for $420,000. I'm thinking someone could do something creative with this or if anyones interested in buying? This is also my first post here so excuse me for the messiness.