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Updated about 1 year ago,

Micah McAlister's profile image
Micah McAlister's profile image
Micah McAlister
  • New to Real Estate
  • from Kalispell, MT
  • Member since Nov 28, 2018
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User Stats

9
Posts
3
Votes
Micah McAlister's profile image
Micah McAlister's profile image
Micah McAlister
  • New to Real Estate
  • from Kalispell, MT
  • Member since Nov 28, 2018
Connect
Micah McAlister
  • New to Real Estate
  • Kalispell, MT
3
Votes |
9
Posts
Creative Real Estate Financing

Wrap Mortgage for first time into real estate?

Micah McAlister
  • New to Real Estate
  • Kalispell, MT
Posted

Hello all!

I just learned about the Wrap around mortgage. Is it too good to be true? I have been wanting to get into a real estate property and live in an expensive area ($300-400k average home) but came across a couple pre-foreclosed homes and thought this would be a good way to get started? Would love to hear your thoughts and the downside to this option?

https://www.zillow.com/homes/1049-4th-St-W-Kalispell,-MT-599...

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