Wholesaling
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
Contracts vs Credit. Help
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.