Can I wholesale a home that has a mortgage? How does that work?
1 Reply
Cutter David
Rental Property Investor from Washington, Utah
posted over 2 years ago
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?
Doug Pretorius
Specialist from Kitchener-Waterloo, Ontario
replied over 2 years ago
@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.