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Updated over 10 years ago,

User Stats

188
Posts
80
Votes
Jacob Michaels
  • Investor
  • DFW / Austin, TX
80
Votes |
188
Posts

Dodd-Frank: Wholesaling a subject-to house to a retail buyer?

Jacob Michaels
  • Investor
  • DFW / Austin, TX
Posted

Can anyone comment on what we need to know about wholesaling a subject-to house to a retail buyer (owner-occupant). I've got a house under contract where there's not enough equity for the owner to want to invest to fix it up and sell it retail, so I offered the subject-to route to him. My investor buyers are reluctant because the loan (8.5%) is too steep.

I know Phill Groves had been teaching his AMPS system where investor/wholesalers serve as transaction engineers and link up the seller and the retail buyers for a fee. Is this still possible with the new Dodd-Frank regulations?

How would we make this work?