Wholesale Question

[Josh Anderson]

I used the search but I could not find an answer.

Question: If I have a seller that has a house he wants to sell....

The house has a mortgage balance of $200,000 he is paying on.

The seller agrees to sell for $100,000...

I line up a buyer for $125,000...

What happens to the remaining balance of $75,000?

I'm really new and I'm just trying to understand the process.

Thanks.

[Tim G.]

If they equity then yes.

So Josh, what is your goal in real estate? These hypothetical deals don't pay well, how can we help you make some money?