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Updated over 10 years ago on . Most recent reply

User Stats

40
Posts
13
Votes
Leyla Simsek
  • Residential Real Estate Agent
  • Cincinnati, OH
13
Votes |
40
Posts

Looking for deals

Leyla Simsek
  • Residential Real Estate Agent
  • Cincinnati, OH
Posted
Good morning and happy Memorial Day, I am new to wholesaling and real estate; I'd like to thank you for any advice in advanced. Last night, I browsed Zillow and the MLS for foreclosures in Sacramento, I calculated my maximum offer for these homes. I'd like to flip the contract. Would my next immediate steps be: 1. Call to schedule a viewing 2. Negotiate their asking price 3. Seek a loan to fund this purchase 4. Call my buyers

Most Popular Reply

User Stats

117
Posts
59
Votes
Phillip Syrios
  • Investor
  • Kansas City, MO
59
Votes |
117
Posts
Phillip Syrios
  • Investor
  • Kansas City, MO
Replied

If you are flipping the contract there is no need to find a loan to buy the property. You only need to do that if you are going to be the closing the deal. Whoever buys your contract should have their own way to fund the deal.

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