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Updated about 10 years ago on . Most recent reply

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16
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2
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William Yamada
  • Fontana, CA
2
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16
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Whole sale Financing

William Yamada
  • Fontana, CA
Posted

I'm trying to wrap my brain around the concept of giving an offer.  If I'm wholesaling and I don't have any cash to buy the property; but, my intention is to find a cash buyer am I able to say that I will buy their property cash?

Would this be wehre the term subject to seller financing?

I look forward to your feedback and guidance.

It would be helpful if someone could provide a list of possible financing options and a brief description.

Most Popular Reply

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2,770
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Aaron Mazzrillo
  • Investor
  • Riverside, CA
3,665
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2,770
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Aaron Mazzrillo
  • Investor
  • Riverside, CA
Replied

If you don't have any cash, why are you wholesaling? What happens when you don't find a buyer? Do you walk away? 

Don't jump on the newbie bandwagon of "I don't have cash or credit and am scared to take any risk so I'll just wholesale my way to wealth." 

That's the dream people selling books and CDs pitch. It isn't reality.

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