In today's podcast we will be going over a situation that another investor has recently found himself in.

As I read through this scenario, I will answer any questions they have and I will explain what I would do/have done in this type of situation.

Show Notes
In This Scenario, We Cover:

* I have a new lead! This new lead belongs to another investor who sounds more like a person who made a bad deal and has a tenant under a lease option agreement who is not paying rent. He's looking into booting the tenant after the holidays. He asked me to make an offer and didn't offer an estimated value (my mistake to not cut him off there and ask for a callback when he has a stated value). In researching the property, Zillow states that this is in pre-foreclosure with a foreclosure estimate of $50,700.00. In the case of pre-foreclosure values, is this price what must be paid to purchase the property? Is this the estimated balance of the un-paid mortgage? Or, should I come-up with an offer based on CMA's as usual?

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Resources
Please send questions you would like Michael to answer to support@bsffacademy.com and he will answer them on one of his upcoming podcasts!

Yellow Letters – www.YellowLetters.com