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Updated over 16 years ago on . Most recent reply

User Stats

218
Posts
29
Votes
Alex Locklear
  • Investor
  • Cary, NC
29
Votes |
218
Posts

Has anyone tried doing this?

Alex Locklear
  • Investor
  • Cary, NC
Posted

I know this is probably not the best idea and not wholesaling, but has anyone found a motivated seller, who's property didn't have enough equity to sell to an investor, but was a good one to try and help sell?

I have someone who is looking to relocate, and they don't have 30% equity, but do have some. Can I get their house sold for them, not charge them anything, and make money on it?

In other words: Can I put the home under contract for say 100K, market the house/ find a buyer who will pay say 107K, and be done and everyone be happy? Seller gets out of home and doesn't have to pay any fees, buyer gets the house, and I get paid.

Thanks

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