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Updated almost 6 years ago on . Most recent reply

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Matt R.
  • Sherman Oaks, CA
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Need assistance with wholesale contract out of state

Matt R.
  • Sherman Oaks, CA
Posted

I was looking for help on out of state virtual wholesale contract. I most likely will be buying and holding but wanted quick flip option. I have zero experience with wholesale contracts.

thanks again,

Matt

Most Popular Reply

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Jackie Lange
  • Investor
  • Central America, Panama
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Jackie Lange
  • Investor
  • Central America, Panama
Replied

A wholesale flip contract is basically a purchase contract with a contingency clause for inspection or something else which gives you time to find a buyer.  

While the virtual wholesale scheme sounds intriguing, in reality you will find that it is very very difficult to pull this off long distance unless you have a complete support team with boots on the ground in the area where you plan to wholesale. It won't take long for the support team to determine that they don't need you.  

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