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Updated almost 4 years ago,

User Stats

13
Posts
3
Votes
Jace Halttunen
  • Investor
  • Scottsdale, AZ
3
Votes |
13
Posts

Do you need a Cash Buyer to Wholesale?

Jace Halttunen
  • Investor
  • Scottsdale, AZ
Posted

Me and a friend have started a wholesaling business in Oregon and are coming to the beginnings of our first deal (Contract signing and inspections being ordered) A family friend has been wanting to find land from off market deals due to low inventory on the market. He said he is fine with us wholesaling the deal and it will be good practice for our second deal. He has enough liquid cash to be a cash buyer but is unsure if he wants to throw $100,000+ of cash into a property. Is it possible to wholesale even if he does not make a %100 cash offer? He can quickly get a loan from a bank. It will be vacant residential land. Would it work similar to if he was paying straight cash? I have mostly just searched for purely cash buyers in the past and am looking for some guidance. Thank you everyone!

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