Wholesaler?? · Byron Scott's FDG

Wholesaler??

I recently spoke with a lead about his property, which has a Zestimate of $246,900. After confirming his identity and ownership of the property, I asked how much he was looking to sell for. He stated I have three conditions:

1. He won't accept anything less than $235,000.

2. He wants to close within 15 days.

3. He requires $5,000 in earnest money.

I spent more time explaining who I am and what my company does. I also asked if he had considered listing the property. He mentioned that if he went that route, he’d like to list it for $254,000. He also stated that he had spoken with a realtor and could list it with them if he doesn’t get the cash offer he’s looking for.

When I inquired about the property’s mortgage, he initially dismissed the question, saying it didn’t matter. I explained that understanding the numbers is crucial for evaluating the deal, at which point he confirmed there is a mortgage on the property.

What are your thought?

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