Can I wholesale a home that has a mortgage? How does that work?

Rental Property Investor · Washington, UT · Member since 2017 · 17 posts · 2 votes

Wholesale a home that has a mortgage. How Does That Work? Is it just the same as if the owner owns the home free and clear?

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Doug P.
Investor · Kitchener-Waterloo, Ontario · Member since 2008 · 1k+ posts · 1k+ votes
8y
@Cutter David The only possible difference is if you negotiate to buy subject to the existing mortgage. If it's just a cash deal then the buyer (you or your assignee) will pay the seller cash which they will use to pay off their mortgage.
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