What can I do with this?

1 Reply

Hello Everyone,

I’m new to wholesaling/RE Investing:

I have a question when you have time. My aunt is 73 years old and looking to rent and downsize her house. She owes $127k after refinancing a few years ago. The house was appraised maybe a month ago for $110k. The ARV is about $196k. Is there anything that I could do to help her. Should I try to wholesale it?

Flip it - rehab, put on the market, pay off her mortgage and take whatever left.

Not sure how you wholesale it - appraisal is $110K and it's public info. Mortgage is $127K so it's under water.

The only idea - to make it marketable and sell at its highest