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Updated over 8 years ago,
Wholesaling Transaction Questions
-how can you use funds from the end buyer to pay the original seller for the house if you as the wholesaler do not own it yet?
-I know you want to have a list of potential buyers in advance but do you only have the option period time to go out and lock in that buyer if you don't want to lose earnest money? If you find a buyer and make them aware of the property before you sign a purchase and sale agreement couldn't they steal the property from you ?
-how can you lock in the end buyer which allows you to get transactional funding without actually owning the house yet? Does the transactional funding company only want to see that the option period for the end buyer has passed and that their earnest money is in escrow? Isn't there still a risk that something could go wrong and the wholesaler be stuck with debt from transactional funding?