All Forum Posts by: Mike Briggs

I'm looking to wholesale a property in 38115 zip code. Problem is, homeowner owes 108k. My numbers could be a bit off but it's worth about 155k. Home needs cosmetic repairs but is otherwise in great shape. Other homes in the area are selling at around $65 per square ft. With the margins being so thin I'm thinking a wholesale to another investor is out the question. Would it be possible to just wholesale it with a lease option or just "whole-tail" it, meaning I'd put it under contract and just market it to a buyer looking to live there? The home will almost certainly qualify for a mortgage but with me being a newbie I'm not sure if you can qualify for a mortgage on a home with an existing mortgage. Any feedback welcomed...thanks

Welcome!

Investors use wholesalers because wholesalers are able to bring them discounted deals. A GOOD wholesaler can be beneficial for all parties. Beneficial to the seller in that you'll get your home sold fast without repairs nor do you have to pay realtor commissions. 

Are these properties still available? I would love to take a look myself:)

All you need is your purchase and sale agreement and some confidence, which comes from doing your due diligence.

Hey @James Martin can i get a copy of that rental map?