Hard Money Lender to start Wholesaling?

[Tiffany Spann]

I found a short sale that I believe will be a really great deal to wholesale.  Does anyone suggest using a hard money lender to close the short sale and then wholesale it?  

[Mateusz Prawdzik]

@Tiffany Spann Hey Tiffany, there are many questions that have to clarified first before anything. Is the short sale already approved or does it need approving? If it needs approving, is this deal on the MLS or off market? Are you an agent, can you do the short sale? If you can't and it is not approved, find an agent that can do the short sale, then put the name on the offer as an LLC that you will LATER SELL THE ENTIRE LLC, that is the important thing to know. You don't need to close on the property, but just be aware that after the short sale approval comes back the bank is going to give you 3-4 weeks to close, in that time you need to find a buyer that will buy the LLC off you on closing with nothing but the property on it.

I have done this before on one of my the properties I was suppose to pick up. MOST investors have absolutely no problem with this, but some do (rare). I would do my due diligence while the property is being negotiated for sure as it will save you lots of time when it's approved to find a buyer. 

That is where I come in, if the numbers make sense, I wouldn't mind taking it off your hands at all. Please let me know if you have any questions as far as numbers go or anything of that sort. Let's connect, ask away.