The seller also has a mortgage on the property.

This way on the cash out you can retain as much of the HELOC capital as possible so that you can put those funds back.Here are some numbersproperty value: $100K-ARVrepairs: $20KLender LTV 75%My offer to seller will max out around $50-$55K. with a max offer at $55K you can add the $20K in repairs and be at the lenders LTV threshold thereby getting back the majority of your HELOC money used to purchase and renovate. 

Quote from @Marco Bario: @Kris Kempe - You should consider the risks for you and the seller when wholesaling a subject to deal.

@Tori Rhodes faster ways to scale:Buy a portfolio from another investor- Get seller financing from a savvy one that doesn't want capital gains hit!

If you already have the buyer and the seller in agreement, you can probably skip the LOI and go straight to a contract.

Consider 80% with some seller concessions to bridge the gap! 

Quote from @Caleb Christopher: I use OnePoint Lending as the servicer for our seller finance and wraparound deals (www.onepointlending.com).

I know this is available in the Amazon seller space. 

Not necessarily to represent buyers and sellers but more so for my own research.

In SubTo, the bigger risk is on the seller.