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Updated over 10 years ago,
Dodd-Frank: Wholesaling a subject-to house to a retail buyer?
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?