Aug 22 in General
Weekly update - update. Creative Finance to Wholesale pitch
Update:
Found a property that I wanted to do a creative finance deal on potentially... Reached out to the owner (no answer). the home was actively listed and on the market for more than 100 days.
I txt messaged the agent about the specific property and asking them what was going on, and if the seller would be open to creative finance.
The Owner Needs:
the owner wants 1.1M and according to the agent... he wants or needs 600k out of the deal.... so :sigh: the only thing I could consider at this point is trying again to reach the seller directly to try and negotiate if that is really true or not.
The Alternative Pitch:
I offered the agent an opportunity to sell them on a home that I am currently rehabing ... same zipcode but a better home.. the seller/ buyer's price is too off to make the deal... they want to buy at 1.2M max .. my flip will go for 1.7M ...
additional steps...
find a wholesale property that is in their price range, and area... maybe I can do a double deal if I can pull that off... if not, I'll maybe find a wholesale deal to sell to someone else...
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Weekly update - update. Creative Finance to Wholesale pitch
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Learn how to wholesale real estate locally or virtually.
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