I have a property, which list for $314,000 .... comps via Zillow.com show between $275,000 - $350,000 over the last 6 mos.. I maybe able to secure the property for approx. $275,000, after listing on the market for nearly a year!!!
Q.#1.... Is there enough margin to wholesale the property, if the owners owe less than the purchase price? Q.#2... how should I approach the listing agent on the property and should I offer less than $275,000?
Q.#3.... what financing source would be best under the circumstances (i.e., traditional, owner financing, cash buyer, HML, etc)? Q#4.... what formula should I use to determine my purchase price? Q.#5.... would I make more of a profit, if I were to "assign" the property to an end-buyer?
Thanks for your help!!