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Updated over 8 years ago,
square one
so I had a house under contract, the owner was asking a price that was absolutely too high but i still continued with the contract because it was my first one, whats the worst that can happen, right?
long story short, after marketing the property a buyer contacted me offering 10% down and a 5 year or sooner pay off, of course, my seller did not want that.
So here i am again, feeling a little discouraged about continuing to wholesale but i really want to succeed at it.
my question is, when a buyer is offering a financing option, should i completely leave that alone because of all the confusion that may be involved and wouldnt that force me to disclose my assignment fee because im selling the house for $1k-$2k of the asking price?
Another question, bank owned homes, as a wholesaler, should i completely leave those alone?
I learned a few lessons while marketing this home but at the same time i was still confused on somethings as far as how the process goes