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All Forum Posts by: Joe Geisler

Joe Geisler has started 1 posts and replied 1 times.

Starting Out

Post: Seeking perspective on wholesaling possibilities

Joe GeislerPosted
  • Posts 1
  • Votes 0

I have a seller who wants to sell a house that is worth roughly $830K.  They just bought it last year, so not much equity, still $760K on the mortgage.  They would be resistant to a short sale.  I'm wondering if there's enough margin to wholesale it.  Maybe do a sale subject to existing finance and do a wraparound mortgage?  

I'm guessing an investor who could afford an $800K house wouldn't have trouble getting a loan, but maybe they would like being able to make a small or 0 downpayment.  Thoughts?

0 Votes
Austin, Texas