Seeking perspective on wholesaling possibilities
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?