What Is The Best Way To Make This Deal Work?
I am interested in wholesaling a foreclosed property in my area here is the details:
LP:$99,600
FMV:$ 115,000
rehab costs$10,000
3bd ,1 bath
2.5 garage
988 sq ft
After being rehabbed the home could sell easily for $125k or more.
It is owned by the VA right now, it has been on the market since October, the listing price as dropped a couple of times already, so the VA is looking to get rid of it fast.
What is best possible way to make this deal a go without putting no down payment down (even though I am qualified for 95% finanicing).
I'm open to all answers and suggestions. Thanks
You are dealing with the government here, they just want to sell without having to do with any creativity in financing.
offer less for the property.
get money from relatives or friends, credit card advance
and buy it
flip it
just do it
this is my personal opinion