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Updated almost 14 years ago, 12/25/2010

User Stats

361
Posts
75
Votes
Joseph Ziolkowski
  • Inspector
  • Alsip, IL
75
Votes |
361
Posts

Wholesalers providing funding to buyers?

Joseph Ziolkowski
  • Inspector
  • Alsip, IL
Posted

Hi all! Quick question for the wholesalers out there? Do any of you, as part of your business, have hml's or private funds lined up for your buyers? Say for someone with proveable income and good credit, but without a lot of cash? I was considering this, and wanted to know if any of you did it, and if so, how you went about securing it, and basically putting the funds on 'retainer.' I wouldn't qualify for a hml right now in today's lending climate, which is why I'm focused on wholesaling presently, so I wouldn't be approaching them for myself. Is there a good way to approach them for such a thing, or am I off-base? Thanks! :cool:

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