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Updated about 16 years ago,
Wholesaing a short sale question.
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