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i found a house that is for sale but not on the market yet. The arv is $234,000. it needs 31000 of rehab ( on the high side) its in a prime area according to the real estate agent that went by just to check it out. The owner wants 130,000 for the house. I found someone that is interested in it but they need to get a loan to do it. I just want to wholesale the house. How do i do that if they need a bank to purchase the home?

I'm building up the courage to take the next step, this alone is a step in the right direction.... just looking for positive, moral support to help me get over that hump.

My name is Stephanie Cherry. I am looking for a private lender or investor who will purchase or lend me the funds to purchase this property. Below is the information about this property.

Property Address: 1485 Langston Ave. SW, Atlanta, GA, 30310
ARV: $220,000
Seller's Asking Price: $90,000
Estimated Cost of Repairs: $70,000
Property Type: Duplex
Bedroom: 4
Bath: 2
Sq.Ft.: 1728

My name is Stephanie Cherry. I am looking for a private lender or investor who will purchase or lend me the funds to purchase this property. Below is the information about this property.

Property Address: 1485 Langston Ave. SW, Atlanta, GA, 30310
ARV: $220,000
Seller's Asking Price: $90,000
Estimated Cost of Repairs: $70,000
Property Type: Duplex
Bedroom: 4
Bath: 2
Sq.Ft.: 1728

I've been wanting to get involved in Real Estate Investing for a while now, but have had that fear of failure, so I haven't taken action until now. I have found a foreclosure that has already gone through auction with no bidders, so it will be going back to the bank and be in a six month "Redemption" period. I'm not sure exactly what that means, but I know that banks don't want empty houses sitting on their books. I know this house would be a great investment as a rental property. Rentals are being grabbed up as soon as they are listed in this area. I want to take advantage of the market right now, but I don't know what step to take next. Do I contact the bank that currently holds the lien on the property and try to negotiate a deal with them?

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