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Updated about 8 years ago on . Most recent reply

User Stats

41
Posts
22
Votes
Gunnar Sevart
  • Lender
  • Falls Church, VA
22
Votes |
41
Posts

Motivated Seller with no Solution

Gunnar Sevart
  • Lender
  • Falls Church, VA
Posted

I came across a motivated seller who's elderly mother owed 160K on the mortgage and wanted to sell fast. She was asking 190K, so she could use 30K to purchase a mobile home for her mother. I checked the comps in area and found that a 20K rehab only would get me 215K. I wanted to wholesale it, but there isn't enough room for any fee.  I could only offer 160K to flip it, but I do not have to funds to flip it myself. How would I be able to help this motivated seller out?

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