I have a house... Originally I was going to use it as a rental. Was told I should wholesale it. What are the metrics that investors are looking for? How should the numbers stack up?
Bargain King is right, last year I could move properties at 70% LTV and this year they have to be even lower. If you can buy at 60%, you can probably pick up some good deals right now.
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Wholesale buyers are expecting a bargain these days, around 60% of present as-is value.
Does your property measure up?
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60%?...I will buy a house if someone offers it to me for 60% of what its currently worth. Thats not win-Win. Theres got to be more to it.
It is what it is!
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Bargain King is right, last year I could move properties at 70% LTV and this year they have to be even lower. If you can buy at 60%, you can probably pick up some good deals right now.
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