Question: “How do you wholesale a deal with a mortgage on the property?”
That’s a good question actually.
If there is a mortgage in the property like most properties in America because this all housing market is built on mortgages, so most houses have mortgages on it.
So most houses you’re gonna wholesale will have mortgages on it.
But I guess there are two ways to look at it.
There's a mortgage that is too much, that the mortgage is bigger than what the property is worth.
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ABOUT YOUR HOST ::::|
Ola "Tux" Abitogun is the Creator of myEmpirePRO and author of Smart Real Estate Wholesaling. He became a FULL TIME entrepreneur in October 2006.
He is a computer engineer and an engineering management graduate from New Jersey Institute of Technology; (NJIT) class of 2004/5. He was born in Dallas Texas and raised in Nigeria by his Nigerian parents. He considers himself a proud Nigerian American.
Today, he is a marketing addict, trainer, marketing and business consultant, real estate investor and all around serial entrepreneur. Most importantly, he is husband and a father. The professional work he is mostly proud of is personally helping 1,000+ entrepreneurs around the world reach greater heights in their careers.
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myEmpirePRO :|: http://myEmpirePRO.com