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Updated about 10 years ago,
Is anyone out there buying with cash and then reselling right away??
Was curious if anyone was buying cash and closing and then reselling to another cash buyer who wants to rehab and flip or hold for a rental etc.
My commercial real estate business keeps me very busy with clients but I do see deals that I can take down with cash and probably resale and make a quick 10k to 15k. The end purchaser I would only sell to a cash buyer with proof of funds in their bank account. No hard money, no conditions, they buy as-is, no double close, simultaneous etc.
Keep it clean and simple and do velocity. Not interested in turn key and offering property management and all of that. Just a pure buy and resell.
Just looking for something with little pops in between my commercial closings. Looked at buying a Steak N Shake, other businesses etc. but it's just too time consuming etc.
- Joel Owens
- Podcast Guest on Show #47