Wholesale a property at market price and looking at the inside

[Denny Le]

Hello Group!

I have a seller who is interested in selling their property. I am thinking of ways to wholesale the property at similar to market value. Can I get the property under contract at a discount (to account for my fee, closing costs, etc.) and then sell the contract to a buyer (owner occupied)? 

Also, what do you say to sellers when they have renters and you can't look at the inside of the property?

Thank you for your help!
Denny

[Nick C.]

Theoretically you could, but it's very unlikely. For you to collect an assignment fee you will need a cash buyer, and cash buyers are generally investors that don't pay retail. They only way it would work is if you found an owner occupant who just so happens to be paying cash.

Your best bet is to get your real estate license, in the future when this scenario comes up you can just list the house for them and collect a fee. 

To answer your 2nd question I say the deal depends on getting inside to check the house out. If the relationship with the tenants is so strained that we can't walk through that house needs to be bought at a deep discount, as those tenant issues are being passed along.