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Updated over 8 years ago,
Wholesaling To Homeowners
Hey BP,
Hope all is well & you're doing really great.
I'm looking to close my first deal here in FL. I've found a SFH here that I'd like to quick flip.
I'd planned on using a double close to flip to a first time homeowner.
I'm in a bit of a conundrum & could use your assistance. It's to my understanding that you have to have an end buyer that brings cash to closing.
Ideally, this strategy is efficient for selling to investors. If you are selling to a homeowner they would need to get a mortgage so I thought of an FHA but don't know if that would be the best option. I also thought perhaps they could utilize hard money & they could refi into a conventional loan.
What would you recommend?