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Updated almost 10 years ago, 02/25/2015

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18
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0
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Dennis Brody
  • Simpsonville, SC
0
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18
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Wholesaling a subject to?

Dennis Brody
  • Simpsonville, SC
Posted

I have been getting leads that are super thin for a flip or a wholesale, but for a buy and hold they are not terrible.  I was wondering if there was a angle to sell a subject to deal.  Here is the scenario... The property is worth 130k and has a mortgage of 98k remaining, the monthly payment is 800.  The property will rent for around 1000 bucks.  The owner is willing to do a subject to.  The amount to catch up the mortgage and is about 8000 with attorneys fees.  There will only be minor repairs to be rentable maybe 2000.  Would any investor ever be willing to pay for a deal like this?

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