First wholesale purchase

[Tom Camarda]

Hello BP,

I am considering my first wholesale purchase of a very nice off market property about 18-20% below market value. Since this would be my first all cash purchase I am treading very carefully...

Aside from the condition of the house - which is great and currently tenant occupied, what other red flags? The deposit is only contingent if the seller cannot get a clear title, otherwise it's nonrefundable. 2 weeks to close

I plan to refi via a delayed financing cash out immediately after closing.

Thanks for your input.

Tom