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Updated about 10 years ago on . Most recent reply

Jose Rubio's profile image
Jose Rubio's profile image
Jose Rubio
  • Wholesaler
  • from Houston, Texas
  • Member since Sep 6, 2014
Connect

User Stats

12
Posts
2
Votes
Jose Rubio's profile image
Jose Rubio's profile image
Jose Rubio
  • Wholesaler
  • from Houston, Texas
  • Member since Sep 6, 2014
Connect
Jose Rubio
  • Wholesaler
  • Houston, TX
2
Votes |
12
Posts
Buying & Selling Real Estate

Help

Jose Rubio
  • Wholesaler
  • Houston, TX
Posted

I have my first lead call in yesterday. 

The seller has a $55k mortgage, wants $8k to make a down payment on another house. The house has an ARV of $80k and needs about $10k in work. I want to wholesale this house. I know there's little room with these numbers. I was thinking this could be a short sale.

What can be the best way to structure this deal?

If it is a short sale, what guarantees does the seller have that the payments will be made on time?

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