Skip to content

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Followed Discussions Followed Categories Followed People Followed Locations
Foreclosures
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 17 years ago on . Most recent reply

User Stats

117
Posts
44
Votes
Jeff NA
  • Involved In Real Estate
  • Portland, OR
44
Votes |
117
Posts

Wholesaing a short sale question.

Jeff NA
  • Involved In Real Estate
  • Portland, OR
Posted

I have a quick question about wholesaling a short sale for anyone that has gone through the process.

When you finally get all your ducks in a row and get the bank to approve the sale, how long do you then have to close the deal, and if you are planning on wholesaling the deal, how is the deal funded? Do you have to double close, first using private or hard money, and then sell to the end buyer? Can you assign the deal, and if so, how quickly do you have to put someone in place with the funds to close?

Is this strategy just more dependent on having a quality buyers list that can move quickly? Any answers are appreciated.

Jeff

Loading replies...