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Updated almost 11 years ago,
Can this work? Help please!
I posted an ad on Craigslist hoping to locate cash buyers to build a list for future wholesale deals. I have received a few responses and have a question on how to proceed with one.
I was contacted by a gentleman who is moving to my area in the next few months and is looking for a house for him and his girlfriend. He is a cash buyer with a nice budget for this area. My questions are;
1-Can I wholesale to someone who is looking to live in the house, and not fix and flip or rent it out?
2-How can I arrange for them to see the house without the real estate agent taking over and selling them the house?
3-Would it be structured the same way? I put the property under contract, assign the contract, and do a double closing?
This would be my first wholesale deal, and i'm feeling like i bit off more then i can chew.
Thanks in advance for all responses.
Mark Rowan