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Updated almost 3 years ago on . Most recent reply
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First time trying to wholesale
Have never whoelsaled before, but found a property that would be an awesome investment property. Unfortunately, I can't afford it on my own and don't have a partner yet. Tuesday is the latest day I can make an offer for it. So, wholesaling came to mind as a possible option-- as the highest offer for the property could be beat by an all cash offer for less than highest bid, or even a higher offer could be made to acquire the property.
However, I'm not sure where to go for prospective buyers interested in OOS or in Cleveland, OH.
What process do I undertake to wholesale this? Any resource recommendations for a step-by-step?
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Quote from @Josh Raikin:
Have never whoelsaled before, but found a property that would be an awesome investment property. Unfortunately, I can't afford it on my own and don't have a partner yet. Tuesday is the latest day I can make an offer for it. So, wholesaling came to mind as a possible option-- as the highest offer for the property could be beat by an all cash offer for less than highest bid, or even a higher offer could be made to acquire the property.
However, I'm not sure where to go for prospective buyers interested in OOS or in Cleveland, OH.
What process do I undertake to wholesale this? Any resource recommendations for a step-by-step?
Hey Josh,
It's so awesome that you are not giving up and looking for ways to make a deal happen. In my opinion a lot of info is missing for one to give proper advice like what is the size of the building, and how did you find it? I know that many people wholesale from a distance, but in this market I see it being much more difficult, especially without a network for this purpose already in place. I always believe and has been true for me if its a great deal and I can get it under contract, the money and investors is the easy part. As a local investor I am always interested when someone has found a great deal.