if im wholesaling a property that a seller still owes about 8k on the house can i still wholesale it like a property that was free and clear?(sorry if this question is stupid)…and one last question when doing the closing is it better to have the buyer come in first or the seller?. i always hear different stories. THANKS!!!
I’m new to this site but I’ve been to several closing my self and it really doesn’t matter, by the way I have never wholesale, the worth thing that can happen is that the buyer brings an attorney or a realtor and start to ask questions…I still don’t quite undestand how the money ones make in the whole deal…
I have the concept. House price 100k FMV
Motivated Seller want. 75K you put under contract
You Wholesale for 20% bellow FMV or 80K
You find buyer and then What? How do you collect the 5K if you’re not on the deed or a license realtor… :banghead… I might need help too…
I’m in houston Texas and I work out of a real estate and mortgage company…