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Updated almost 14 years ago, 12/25/2010
Wholesalers providing funding to buyers?
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: