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Updated over 1 year ago on . Most recent reply
Wholesale Question for iowa
My husband signed a PA to a wholesaler. Do all sellers have to sign? My name is on the deed to this house as well. Does this void the contract? I'm in Iowa.
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#2 Marketing Your Property Contributor
- Flipper/Rehabber
- Wilton, CT
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#2 Marketing Your Property Contributor
- Flipper/Rehabber
- Wilton, CT
Yes, everyone that is on the deed should give written permission.
My question is though...
the biggest challenge when it comes to wholesaling is getting a house under contract at good numbers.
As you own the house it is as if YOU are the wholesaler already having the house under contract.
Finding a buyer is nothing. I repeat NOTHING.
You could "wholesale your own house, and pay yourself the wholesaling fee.
Agian, there is NOTHING to wholesaling. NOTHING nothing nothing nothing nothing.
The only challenge is getting a house below market value, or with enough equity in it to make a profit.
You are simply handing over a wholesale fee, for free.
My honest opinion.
If the wholesaler that is doing this is reading the... sorry mate. I just had to be honest.
and 2). Kudos to you wholesaler. You let the seller know you are going to wholesale it. Not many like you out there. Good job!
- Jerryll Noorden
