Buying & Selling Real Estate Discussion

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Sean Joseph Bates
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Wrap Around Wholesale Deal

Posted Oct 9 2019, 10:32

Hello All,

I have recently come across a Seller whom is allowing her property to go to Foreclosure, due to the stress. I would love to help this person out; however, I feel this deal is above my knowledge level.  Below are the details of the transaction so far.

Mortgage Balance: $122,000

ARV: $185,000

Interest Rate: 2.5%

Monthly Rent: $800

Comparable Rent: $1200

Estimated Repairs: $50,000

According to an experienced investor...Does this seem to fit the mold of a wraparound transaction? Are Wrap Around Transactions only do-able with little to no repair costs? Can this person be helped through the service of an investor?

Thank you for any input!

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