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Updated over 5 years ago on . Most recent reply

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Parker Collins
  • Augusta, GA
4
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Wholesaling Owner Financed Homes

Parker Collins
  • Augusta, GA
Posted

Recently came across a home and a seller is requesting owner financing only. I am a wholesaler but a new one in the industry. Would y’all please provide some direction to me on this subject and whether it is viable to wholesale a house by owner financing only.

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Greg Dickerson#2 Land & New Construction Contributor
  • Developer
  • Charlottesville, VA
4,400
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Greg Dickerson#2 Land & New Construction Contributor
  • Developer
  • Charlottesville, VA
Replied
Originally posted by @Parker Collins:

Recently came across a home and a seller is requesting owner financing only. I am a wholesaler but a new one in the industry. Would y’all please provide some direction to me on this subject and whether it is viable to wholesale a house by owner financing only.

Yes you can wholesale an owner financed home. You need to find a buyer looking for owner financing and assign your purchase contract to them for a fee. This is a strategy many people focus on especially when there is little to no equity in a property for an investor.

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