Buying wholesale properties

[Koki Agata]

Hello fellow bp peeps.

I have one rookie question that I'd like to bother people with.

I am currently looking for my first property, and have been talking to wholesalers. All the listings have "cash price". I am wondering, do wholesale deals only accept cash offer? Or do you know of any instance where you could offer conventional?

Any advice would he wonderful!

Thank you in advance!

Thab

[David Bokman]

99.9% of the time your only options will be cash or hard money when purchasing a property from a wholesaler. You can't use a conventional loan as the bank doesn't pay "assignment" fees. So unless you plan on compensating the wholesaler off the HUD your gonna need to use Cash or Hard Money.