A wholesaler and agent discuss a seller who can't pay his mortgage and has been under contract twice before, yet refuses to sell the property he needs. The conversation reveals contradictions that suggest the deal may not work.
We wish we could do seller financing, but he— because we've been under contract twice, he's put money into this other house. He doesn't even really have money to make his mortgage payment at this point. Oh my. So to get a note, it's just going to be too hard. It'll rough on his credit for him to get another house.
That doesn't make sense to me. It, it seems like there should be motivation, but it sounds like It doesn't add up in the sense like he's gonna— he can't make his mortgage payments at the moment, but he's not going to sell it for this because he needs it down. It's like, well, bro, you're going to lose the house if you can't pay for it, right?
Why Traditional Wholesaling Keeps Failing You (Use This Pre-Flip Method Instead)
