A quick question about Wholesaling....
i am curently looking at a home....its been on the market for over a year the bank recently foreclosed on it, there tring to get rid of it for 150k and its worth 180k (as is)... 210k is the arv.... i have a buyer that this is the area were he wants to buy hes a handy man seeking a whole sale deal, somthing he knows he can fix up....anyways hes got financing ready for up to 170k the question i have is it possible to still do the deal with a conventional loan?? using none of my own money just using the buyers loan?? this mans lease is over in a month so hes a serious buyer....i want to know what you guys suggest.......
Thanks
Adrian.