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Updated about 3 years ago on . Most recent reply

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Bryce Crowley
  • Member since Jan 4, 2022
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Bryce Crowley
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Buying & Selling Real Estate

Wholesale Deal, can buyers use conventional financing?

Bryce Crowley
Posted

Hello all, I am currently working on a wholesale deal that I am ready to assign. Currently all buyers that are interested in the deal want to use conventional financing however. Can I do that? I know most lenders will not approve an assignment of contract fee. Can the buyer pay me cash for the assignment fee and then finance the rest of the deal? Looking for advice on how to structure it properly. Thanks!

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