I have a wholesale lead. He didnt accept my offer but suggested we work together on the house and wanted to know if I have any ideas. The house is free and clear comps at 110k. House does need some work.This is an older man with no family and there is a man squatting in his house for the past year.
As a wholesaler do I just move on?
Can anybody provide some suggestions how I can make some money?
How do I deal with squatters?
Please explain what ‘work together on the house’ means.
There are several ways you can make money on a house that is free and clear.
What does the seller want?
what will he use his money for?
Find out what the motivation is and then provide a profitable solution.
I would NOT do any work to the property until you have some sort of contract in writing.
Please provide more info and we’ll try to get you more good ideas
His son passed and he paid 25k in bills and people are living in his house not paying rent. I offered 25k said hes not sure but then suggested the idea of “working together” not to sure what he means but thought hit the forums and get some suggestions that I can pitch to him.
I agree with Dennis find out what is his motivation for selling and then provide a win-win solution. Keep hammering at his motivation, keep in contact ex…lettters, cards and phone calls