How to wholesale Little Equity Deal?

How to wholesale Little Equity Deal?

Rental Property Investor · Temple, TX · Member since 2015 · 26 posts · 6 votes

How's it going everyone

I came across a super motivated seller who gave me a call, they have a house with little equity, so I know cash offer wouldn't make sense.

Instead I wanted to do a wrap mortgage since it's in a great neighborhood, house great condition, and it will rent well above the month payments, seller doesn't need much at closing..the problem was, it's and FHA loan, from what I know you can't wrap those.

What is another way I can structure this to come up with a solution?

Thank you very much for the help.

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  • Rental Property Investor · Los Angeles, CA · Member since 2013 · 1k+ posts · 1k+ votes
    7y

    @Moises Rafael search for a member named Mike M. in Paradise Valley, AZ on BP. I know from his forum posts that he uses creative RE investing techniques and he might be able to answer your question. 

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