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Updated over 15 years ago on . Most recent reply

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117
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Troy Michaels
  • Real Estate Investor
  • Atlanta, GA
7
Votes |
117
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Can you wholesale to noncash buyers?

Troy Michaels
  • Real Estate Investor
  • Atlanta, GA
Posted

got a spam email from somebody yesterday. they were talking about how you can make money wholesaling to noncash buyers (buyers who dont have cash or financing). HOW in the world is this possible?

Most Popular Reply

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3,208
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1,439
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Nick J.
  • Residential Real Estate Broker
  • Payson, AZ
1,439
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3,208
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Nick J.
  • Residential Real Estate Broker
  • Payson, AZ
Replied

As opposed to my good friend Stephani who I think ROCKS!! and along the lines of what J-dizzle said (who also ROCKS!! even though he never gets back to you when you invite him to go fishing at Grand lake in Oklahoma LOL!!)

wholesaling to owner occupants is a super cool and really easy thing to do. Like James was saying I do that a lot. I think a lot of people do the same thing with lease/options and I think they call it 'co-op'

I won't shamelessly plug a certain website that is being launched at the end of this month that can be found in my profile or in my status that is easily seen in my signature but from what I hear you can pick that product being sold for a lot less than $600 and you won't even have to worry about being upsold the entire time.

It's real simple, Sub a seller and then assign that contract to a retail buyer and take their down payment as your assignment. Obviously there is a little more to it than that but that is the gist of it.

Laterz

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