How Late Is Too Late?
I just found this townhome that is going to be auctioned off on Aug 26th. Do I still have time to contact the homeowner and attempt to have them sell me the property?
Does the bank accept full payment up until the auction sale?
How would you structure this deal? Pay the bank their money directly and then the homeowner any extra?
Thanks
DrZ
Actually, just discovered that the owner has filed Bankruptcy.
Anyone have experience with this area? Is it still possible to get a good deal?
DrZ
Thank you, that is what I thought.
I think it all depends on the area, and the home, how old it is (lead paint issues), how often homes sell in the are, ect. Inregards to wholsaling, you just have to make sure that you leave enough on the table for the investor to take back., becasue with the numbers you are showing, an investor can stand to make $11-$16k.