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Updated over 9 years ago,
No Money Down Wholesaling?
This may be a silly question, but I need a little clarification on wholesaling.
Hypothetically, say I have access to a large buyer's network and I need to find good deals for them. Once I have located the property, agreed to a price with the seller and have a contract, do you have to show proof of funds or put up money at all if you can assign the K within the inspection period? I understand the beginning and end of the process, I'm just foggy on the details in the middle, which are the most important.
I've never done wholesaling before, but I have an opportunity that I don't want to go to waste. Any insight would be helpful.
Thanks