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Updated about 5 years ago on . Most recent reply

User Stats

14
Posts
4
Votes
Kyle Nazarek
  • Flipper/Rehabber
  • Newport News, VA
4
Votes |
14
Posts

Drawbacks of a buyer using a mortgage vs cash

Kyle Nazarek
  • Flipper/Rehabber
  • Newport News, VA
Posted

Hello,

I have a wholesale deal locked up on a vacant piece of land, but a prospect buyer would need to obtain a loan for all or some of the price. What are the drawbacks of having your buyer close with a land mortgage vs straight up cash? Do you as the seller (or wholesaler) see any additional costs or issues, or is it just an longer process?

Any input would help! thank you in advance

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