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Updated over 13 years ago,
First Wholesale with Owner Financing
I'm currently looking at wholesaling a 3Bed/1Bath with an ARV of around $200k. A buyer who is interested would like to purchase using owner financing, something I have not worked with before.
My question is:
As a wholesaler, where do I fit in with this deal and what are my responsibilities?
Do I simply negotiate the purchase price with the seller and then assign it to my buyer for a fee or do I also help to negotiate the terms of owner financing?
Thanks in advance for any help.