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Updated over 5 years ago,
Wholeseller's perspective needed.
To all the wholesellers out there:
There was a question posted by another person a while back that was very interesting to me so I’d like to get some perspective from wholeseller’s side.
I currently have one investment property and plan on purchasing another one soon. I also want to purchase a personal residence in the near future. When the time comes to acquire my personal residence, I will be using traditional financing. It would be great to gain access to some off market properties but I do not want to spend money on marketing for leads. Since I have no intention of becoming a wholeseller, spending $$ on acquiring off-market leads doesn’t make sense. What will I do with leads I get and am not interested in? …..
So that brings us to my question to wholesellers:
Are there any circumstances in which you have / would be willing to work with an end buyer who is using a Fannie Mae loan instead of hard money?
My understanding is that a wholeseller’s commodity is their ability to close quick. That’s what’s marketed to your seller…….. Hey Mr. Seller, although I am not paying you the market price for your property, I AM providing you with fast, painless transaction.
Any comments are welcome.
Thanks!