All Forum Posts by: Caressa T.

@Shawn Mcenteer I thought about a rental, but yes she would not receive any cash during the transaction. That was another concern. She wanted a bit of cash in her pocket. 

Hello BP,

My Grandma mentioned to me yesterday that she is thinking about selling her home within the year. After talking with her, I know her home is worth less than she owes plus repairs. What would be an option for her? I initially wanted to wholesale it, however I do not see anyway to get the home bought for the remaining mortgage payments, plus repairs, and a wholesale fee. 

ARV: 90k

Repairs: 15k 

Mortgage balance: 70k (current)

Home built in 1977. 3/2/2 1700 sq. ft. 

Thank you!

That's awesome @Blake Alexander ! Congratulations

Thanks @Bernie Germani for that info and advice! 

Thanks for the advice, however how do you explain to the buyer that he/she will put the wholesale fee in escrow? @Bernie Germani 

Thank you. 

Awesome! Would love to know the numbers as well! 

Welcome!! 

As a newbie, I find the majority of my answers to my questions through the search tool up above. Reading through the forums, blogs and listening to the podcast, has most definitely beat any book thus far. (Yet, I continue to find myself reading books!)

There is a post I stumbled across the the other night that list about a dozen books that's recommended. Give it a search!

Much success, @Account Closed ! 

Good question! Look forward to reading the responses! 

@Keith Belzner You're questions are truly helping me! Thank you! 

@Ulises Romero I stumbled on this post and am curious as to what was your decision? These scenario type post really helps as I begin wholesaling.