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Updated over 9 years ago on . Most recent reply

Felix Wisniewski's profile image
Felix Wisniewski's profile image
Felix Wisniewski
  • from Parlin, New Jersey
  • Member since Feb 3, 2014
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9
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Felix Wisniewski's profile image
Felix Wisniewski's profile image
Felix Wisniewski
  • from Parlin, New Jersey
  • Member since Feb 3, 2014
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Felix Wisniewski
  • Parlin, NJ
9
Votes |
35
Posts
General Real Estate Investing

Wholesaling Reverse Mortgage

Felix Wisniewski
  • Parlin, NJ
Posted

I got a lead that has a reverse mortgage of 77k and we agreed on 79k to put 2k in the sellers pocket. The ARV is around 205 and the repairs are 50k. Is it ok to wholesale a house with a reverse mortgage? Or is there anything I can and cannot do? Any help would be great.

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