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Updated almost 9 years ago on . Most recent reply
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Questions About Wholesaling
I've just started to begin to understand what wholesaling actually is within real estate but still have some specific questions that I have not seen answered yet (or couldn't find).
1. What happens if you don't have a network of cash buyers and your forced to do some hardcore marketing after getting the property under cotract with the seller? How long can you keep the seller waiting for their money, especially if they're desperate to sell immediately?
2. What happens if you cannot find a cash buyer or anyone interested in buying the property? Do you now have to buy it?
3. Does it matter if the seller sees how much profit you're going to be making on the deal? Wouldn't they feel hustled if they could've made an extra 10k on the property?
4. How do you find distressed sellers and how do you build a network of all cash buyers?
Thank you so much for any response you may have. If you can only answer one question that'll be awesome.