Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Wholesaling
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 14 years ago,

User Stats

3
Posts
0
Votes

Need help/advice structuring a wholesale deal

Posted

OK, here we go! My cousin just inherited a property from his mother's estate. The house has an 80k mortgage, the house needs at least 30k in repair and ARV is 180k. My family know that I want to start investing in real estate and want me to find a buyer for the property. This would be my first deal. not sure how to structure it. If I do a land contract I will be responsible for the mortgage. If I try negotiating with the bank for a shortsale this could potentially take months and he need cash fast. How would I structure the deal to make it profitable for a cash buyer and put cash in my cousins pocket? all suggestions/advice is welcomed!

Loading replies...