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Updated over 9 years ago on . Most recent reply

User Stats

70
Posts
13
Votes
Anthony Geren
  • Spring, TX
13
Votes |
70
Posts

flipper buying homes through a wholesaler

Anthony Geren
  • Spring, TX
Posted

with finding the many ways i can find and finance my first flip i was curious on a wholesalers POV.

I was wondering if wholesalers do deals with flippers who dont have the payment in full CASH but get a loan via a mortgage?

Thanks, 

Anthony G

Most Popular Reply

User Stats

727
Posts
500
Votes
Tony Gunter
  • Investor
  • Canton, GA
500
Votes |
727
Posts
Tony Gunter
  • Investor
  • Canton, GA
Replied

No, key to wholesaling is buying Cash. Too slow to close, might fall out of escrow, etc. Plus many times the property being wholesaled wouldn't qualify for a mortgage anyway. Cash is king!

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