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 almost 9 years ago, 01/31/2016

User Stats

5
Posts
1
Votes
Justin Ashton
  • state college, Pennsylvania
1
Votes |
5
Posts

Contracts vs Credit. Help

Justin Ashton
  • state college, Pennsylvania
Posted

I have a pretty simple question about wholesaling that I cant seem to find an answer to. Im interested in wholesaling some properties this year and I just want to see what my options are. Im in a smaller pa town ( state college)which I am aware is not good for wholesaling but nobody does it locally and there are investors and property rehabs taking place. I work full time so Im really just looking to learn and hopefully make some extra cash. With that being said my credit isn't good (preventing me from owning just yet) but Im tired of sitting on the sidelines and waiting while I recover financially. My question is in order to get properties under contract wouldn't I have to be financially approved just as if I were buying the property myself? Are there ways around this as far as structuring and has anybody done this? I mean Im sure I can get some kind of mortgage but even with that is it possible to wholesale property that you as a wholesaler couldn't afford. Any advice or knowledge on the subject is greatly appreciated. Thank you in advance.

Loading replies...