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Updated over 10 years ago on . Most recent reply

User Stats

26
Posts
3
Votes
Brant Vaught
  • Realtor
  • Springfield, MO
3
Votes |
26
Posts

Wholesale, HML to flip as back up?

Brant Vaught
  • Realtor
  • Springfield, MO
Posted

So, I was thinking that I might try to set up some wholesale deals in my area, but has anyone ever set up a wholesale, but had a Hard Money Lender in the corner as backup to fix and flip the deal themselves if a buyer didnt present? I am asking because I do not have a lot of investor contacts in my area and thought that if I go to contract a property and am unable to find and end buyer in the thirty days till closing, it would be a good idea to have the funds to close. Could turn into a good flip deal and have multiple exit strategies. What does everyone think? Is this a far fetched idea, or could it be done?  

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