Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Wholesaling
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 9 years ago, 06/26/2015

User Stats

14
Posts
2
Votes
Annette Gutierrez
  • Bloomington, CA
2
Votes |
14
Posts

Wholesale transaction but ending at Investor transaction.

Annette Gutierrez
  • Bloomington, CA
Posted

So I have a seller I may be purchasing a property from and then selling to an end buyer. I do have an LLC. And would purchase in LLC name. I'm just starting out so I don't really have a buyers list. I know a few investors but their not interested. So I received a call from this guy says he needs a place. I tell him about the property. I tell him it's all cash, as is. He says he qualifies for loan but his boss will loan him the cash. So I'm thinking instead of using transactional funding saving me quite a few dollars I bring the boss on as an investor. Get the cash from him. Give him a promissory note. Instead of interest I will give him clear and marketable title to the property. The boss said he will then either carry paper or just rent place out to his employee. Everyone is in agreement. Does anyone see a problem with this scenario?

Loading replies...