I’ve been at wholesaling for a while. i had two proprties undercontracts which i could not convert into cash. I recently came across two multi-unit properties that have over 200k in mortgages. one landlord/owner is ready to retire and is willing to do a short sell. problem is i dont have a clue how to work this deal. brick multi units are hot in chicago. want to convert these deals into cash. need advice :help
A lot of details are missing. What is the FMV? What liens are on the property? Are they currently leased? What is the cash flow? Etc. . .