Wholesaling A Subject to Deal
Hello Bigger Pockets,
I have a potential subject to wholesale deal with a homeowner who currently has a mortgage of $79k on her property. Properties in the area are not selling for no where near $79k so I was going to mentioned the Subject to creative financing method to her but really didn't know to much about it.
How to actually structure a deal like this?
How does it actually benefit me?
I have investors or my buyers list who are interested in owner financed properties but I just needed a little advice. Thanks
Most Popular Reply
There's are multiple values on a home. If the current property value is 100,000 and the mortgage is at 500,000 but the loan was modified down to 600 a month and it rents for 1,500, you're telling me no one is interested? These deals are amazing. I will take them all day. You just need to find the right buyer