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Updated over 8 years ago on . Most recent reply
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Wholesaling properties with a mortgage
I have a question, is it possible to wholesale a property that has a mortgage balance on it? If so, how do I go about doing it without getting in trouble? As in doing it without acting as a realtor?
If anyone can answer these questions that would be great seeing as though I have 3 potential properties I can put under contract at the moment.
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A mortgage means there is a Lien on the house you can wholesale it just make sure the owner knows how much they owe left on the house and if you sell if for under that they will have to eat the difference