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Updated about 7 years ago on . Most recent reply

Alexis Scott's profile image
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Alexis Scott
  • from Durham, North Carolina
  • Member since Mar 22, 2016
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Alexis Scott
  • from Durham, North Carolina
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Alexis Scott
  • Durham, NC
14
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Rehabbing & House Flipping

Question about selling your properties

Alexis Scott
  • Durham, NC
Posted
When you sell your single family homes. Do you get the money after selling? Or does the bank get the majority? I’m trying to understand this selling process when selling your home. I’m a newbie so don’t throw shade please :)
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Max T.
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  • from Philadelphia, Pennsylvania
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Max T.
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Max T.
  • Investor
  • Philadelphia, PA
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Any liens (mortgage debt, back taxes, utilities, etc) get paid first. Then you get whatever is left over.

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