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Updated almost 16 years ago on . Most recent reply

Ro Williams's profile image
Ro Williams's profile image
Ro Williams
  • Loss Mitigation Specialist
  • from Florida
  • Member since Jan 6, 2008
Connect

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27
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1
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Ro Williams's profile image
Ro Williams's profile image
Ro Williams
  • Loss Mitigation Specialist
  • from Florida
  • Member since Jan 6, 2008
Connect
Ro Williams
  • Loss Mitigation Specialist
  • Florida
1
Votes |
27
Posts
Wholesaling

Using Option Contract to Purchase

Ro Williams
  • Loss Mitigation Specialist
  • Florida
Posted

I am looking at purchasing a wholesale and then finding a retail buyer. It is a rental so they will have cash flow.
It is wholesaling for $45,000, renting for $600, AV $60-70K.
Can I use the Option Contract to purchase and then do a simultaneous close to do a "no money down" deal. Are there any problems with this deal?

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