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Updated almost 11 years ago on . Most recent reply

User Stats

11
Posts
3
Votes
Matthew Parent
  • Real Estate Investor
  • Roslindale, MA
3
Votes |
11
Posts

Wholesaling nice property

Matthew Parent
  • Real Estate Investor
  • Roslindale, MA
Posted

Just starting out. And I talked to a FSBO 3 Family seller earlier today.

Got the info about the price he'd like. And I saw photos of the place.

It isn't destroyed or distressed. 2 units are currently being rented out and lived in.

Is there such a thing as wholesaling if the house is near ARV now?

Is there money there for me?

I don't have the cash to buy it. I'm trying to structure a deal maybe wholesaling to a new landlord owner that has the cash.

Thanks

Matt

Most Popular Reply

User Stats

144
Posts
67
Votes
George Maka
  • Irvine, CA
67
Votes |
144
Posts
George Maka
  • Irvine, CA
Replied

@Matthew Parent How much equity is in the house? Is this a motivated seller and they need to sell? If the house is owned out right, you could do seller financing, and buy it at his price, but on your terms, which would mean the house would have to cash flow.

If it's a motivated seller, and they want out, perhaps you can do a subject-to and take over. We need a little more information on the property to give you options.

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