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Updated about 5 years ago on . Most recent reply
Wholesaling Owner Financed Homes
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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#2 Land & New Construction Contributor
- Developer
- Charlottesville, VA
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.