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Updated over 16 years ago,
Retailing a wholesale
I have someone looking to straight option me their home for $164,900. I have found about 7 potential RETAIL buyers who will pay $172,000. I plan on having the seller buy me out of my option and collect my fee as a lien holder at closing, have the money wired to my bank account, and never be at the closing.
My question(s):
Should I simply allow the seller to show the home to my buyer and never be there? Risking them just going around me and waiting for my option period to be up?
Or should I show the property myself? What would I tell my potential buyers my interest with the property is?
Thanks so much in advance..