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Updated over 7 years ago on . Most recent reply

User Stats

36
Posts
6
Votes
James Dodson
  • Flipper
  • Morrisville, PA
6
Votes |
36
Posts

HELP New investor who wants to know of this can this be done???

James Dodson
  • Flipper
  • Morrisville, PA
Posted

I bought my 1st property in November and I've fixed and flipped 4 since then. I've had each home under contract during rehab. I currently have an approved buyer who's interested in a home on the same street as my last flip. I'm interested in doing a deal with a local lender that I've never used before. I wanted to use the buyer as leverage to get a lower upfront fee. Is there any way that I draw up a contract and get a earnest deposit from the buyer contingent on me securing the property? The lender said he'd consider it of the buyer is commited on paper? Sorry if this is a dumb question. I'm still learning

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