Excerpts from the article:
The woman’s southwest Atlanta home was purchased by Green Sky Properties LLC on July 30 of this year for $95,000. The same day, Green Sky Properties sold the home to Njeri Warfield for $130,000. Zillow estimated the home was worth more than $240,000.
Atlanta Legal Aid attorney Sarah Stein told Gray wholesalers typically shop for houses that aren’t for sale. Stein said wholesalers buying homes for less than market value and reselling them to investors the same day is a calculated technique.
“They’re literally doing nothing to the property … and selling it the same day to somebody else for significantly more,” Stein said.
The wholesaler group that was involved in the purchase of the elderly woman’s home holds weekly training sessions called “Wholesale Live” in southwest Atlanta. A Channel 2 producer attended the event undercover….. Here’s the link to the full article and videos: https://www.wsbtv.com/news/2-investigates/buyer-beware-are-wholesalers-taking-advantage-of-elderly-home-sellers-/1010860933
Join The Wholesaling Mastermind and learn how to wholesale houses “the right way”: https://www.edwardhayes.org/thewholesalingmastermind
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