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Updated over 8 years ago on . Most recent reply

Anthony Geren's profile image
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Anthony Geren
  • from Spring, Texas
  • Member since Aug 31, 2016
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Anthony Geren's profile image
Anthony Geren's profile image
Anthony Geren
  • from Spring, Texas
  • Member since Aug 31, 2016
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Anthony Geren
  • Spring, TX
13
Votes |
70
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Starting Out

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

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Tony Gunter's profile image
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Tony Gunter
  • Investor
  • from Canton, GA
  • Member since Jul 11, 2014
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Tony Gunter's profile image
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Tony Gunter
  • Investor
  • from Canton, GA
  • Member since Jul 11, 2014
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Tony Gunter
  • Investor
  • Canton, GA
500
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727
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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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