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Updated about 1 month ago on . Most recent reply

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Joe Geisler
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Seeking perspective on wholesaling possibilities

Joe Geisler
Posted

I have a seller who wants to sell a house that is worth roughly $830K.  They just bought it last year, so not much equity, still $760K on the mortgage.  They would be resistant to a short sale.  I'm wondering if there's enough margin to wholesale it.  Maybe do a sale subject to existing finance and do a wraparound mortgage?  

I'm guessing an investor who could afford an $800K house wouldn't have trouble getting a loan, but maybe they would like being able to make a small or 0 downpayment.  Thoughts?

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