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Updated about 11 years ago on . Most recent reply

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Nicholas Renshaw
  • Investor
  • Baltimore, MD
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7
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Realtor says I need to he pre apporved to take a look at a property

Nicholas Renshaw
  • Investor
  • Baltimore, MD
Posted
Hey BP! This is my first post and I'm glad to be part of such an expansive community of investors. Ok, so my question is, I found a house the other day that I am interested in wholesaling but the realtor who was going to show me the property said that I needed to be pre approved. Now I don't have money to invest in myself, as I was going to use the end buyers finances to find the deal. Should I let him know this or just get the pre approval. Just a little confuse on what to do next so a little push in the right direction would be helpful. Thanks, Nick

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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,508
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23,418
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

Get a pre approval, as no decent agent will let a seller accept any offer without it, or a POF. I, like this agent, won't spend any time showing you properties also without this. If he realizes what you're doing, that you're not actually going to buy it but are hoping to flip it after you tie it up, he's probably going to keep his seller from signing....rightly so, since it's u likely you can find someone willing to pay a higher price after it has been exposed to the world on MLS. You really should concentrate on off market properties.

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