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Updated about 11 years ago on . Most recent reply

User Stats

31
Posts
5
Votes
Jeffrey Mark
  • Wholesaler
  • Mount Rainer, MD
5
Votes |
31
Posts

Wholesaling A Subject to Deal

Jeffrey Mark
  • Wholesaler
  • Mount Rainer, MD
Posted

Hello Bigger Pockets,

I have a potential subject to wholesale deal with a homeowner who currently has a mortgage of $79k on her property. Properties in the area are not selling for no where near $79k so I was going to mentioned the Subject to creative financing method to her but really didn't know to much about it.

How to actually structure a deal like this?
How does it actually benefit me?

I have investors or my buyers list who are interested in owner financed properties but I just needed a little advice. Thanks

Most Popular Reply

User Stats

341
Posts
86
Votes
Andy Chu
  • Involved In Real Estate
  • Las Vegas, NV
86
Votes |
341
Posts
Andy Chu
  • Involved In Real Estate
  • Las Vegas, NV
Replied

There's are multiple values on a home. If the current property value is 100,000 and the mortgage is at 500,000 but the loan was modified down to 600 a month and it rents for 1,500, you're telling me no one is interested? These deals are amazing. I will take them all day. You just need to find the right buyer

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