Most wholesalers get on the phone and immediately talk price.
That's why they lose the deal.
The seller doesn't care about price yet. They care about being heard.
Most home owners think their only option is bankruptcy or foreclosure when you’re behind on payments.
There at least 2 options the bank and real estate agents won’t EVER tell you about.
People who think wholesaling should be banned are completely out of touch.
Wholesalers fill a massive gap in the marketplace.
Some sellers don’t want to sell the traditional way through a Realtor.
A lot of investors don’t want to compete with the entire market on the MLS.
Wholesalers connect those two.
That’s why it’s a multi-billion dollar industry.
If you don’t like wholesalers, no one’s forcing you to buy from them or sell to them.
Stay in your lane.
Forbearance bought you time. Use it to understand ALL your options — not just the ones the bank gives you.
DM me HELP if you're in this situation, you may still have time to save the situation (and your credit).
Loan assumption: a buyer qualifies to assume your existing loan. If you locked in a 3% rate, that's worth real money to the right buyer.
(Downside: can take up to a year for the process to finalize.)
Lease option: the investor leases the property from you with the option to buy in 3-10 years.
You get income now. Full buy-out later.
They assume all the risk.
Subject-to: an investor takes over your existing mortgage.
They make the payments.
You exit the obligation without a traditional sale. (saves you precious time and gets the bank off your back)
Here's what most homeowners in this situation don't know:
There are creative structures investors use to take the property (and the payments) off your hands...
ENTIRELY.