Equity in wholesale deals

[Ellis Thurman Jr]

I'm not clear on how equity factors in to a whole sale deal. Does equity matter in a whole sale deal? I've been to a few wholesaling seminars, however, no one mentions if this is a important factor and if it matters (I suspect that it does).

Any clarification on that would be greatly appreciated.

[Doug P.]

@Ellis Thurman Jr The seller needs to have equity, that's where the huge discount comes from that you need to buy at to be able to wholesale to a flipper or landlord.

If you wholesale lease options they don't need any equity.