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Updated over 8 years ago on . Most recent reply

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24
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1
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Ryan Taylor
  • Lender
  • Olympia, WA
1
Votes |
24
Posts

Found the property, now what?

Ryan Taylor
  • Lender
  • Olympia, WA
Posted
I found the perfect property, under valued on the market and very little things need work. This would be my first deal and I want to wholesale it to an investor here in Washington. Could be a good flip in the upcoming months after winter, or a good rental. Im new to this and need help being pointed in the right direction!!

Most Popular Reply

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1,045
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Andrew S.
  • Investor
  • Raleigh, NC
707
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1,045
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Andrew S.
  • Investor
  • Raleigh, NC
Replied

Check your state laws - I'm not from WA, but seem to recall that Washington levies a transfer tax that makes double-closings very unattractive (have to pay the tax twice) there.  

Also, if it is already listed, most potential buyers will already be aware of it and don't need you as the middle-man who tacks on an extra fee, so I don't think this will be easy to wholesale

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