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Updated over 10 years ago,
Cash Buyers Vs. Financing Buyers
I'm new to wholesaling but have done quite a bit of reading and research. Everyone one I speak with continues to emphasize finding "Cash Buyers". My question is what about "Financing Buyers"? When assigning a contract should my concern only be what I make at the time of signing between the "Financing buyer" and I? From my knowledge (which is not a lot) my hands are clean the moment the "Financing buyer" signs the contract between him and I. At that point my buyer deals with my seller alone. Is this correct?
I understand that the process is typically quicker for the seller when the transaction is Cash but isn't the cash money the same as finance money. Does the seller even need to know? I thank you for your help & responses in advance. -Larry