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Updated almost 9 years ago,
Get Money Quick
I have a question.
I came across a property that is for sale. It dropped in price to $17,500.
2 bed 1 bath house currently rented and the renter wants to say. Rent is $350 / month.
Now, lets say i'm interested in this house. I do not have the cash for it up front. At most, I can pull maybe 5K out of credit cards.
Where would I get the cash to pay for something like this QUICK. These wholesale deals tend to be gone so fast.
Don't most wholesale deals require cash on hand?
Should I just go to a bank and get prequalified for a loan first, then when good deals come up, i'll be ready for it?
Any suggestions?