Wholesaling

[Bryan P.]

Ok-so just learning about wholesaling...

How does this private financing work?

Let's say I find a nice property for 50,000 and the value is 65,000. Will a private lender see the value and thus lend 50,000 for the buy? What is the usual terms for this sort of thing?

Also-if the wholesaler acquires private money and cannot reassign a contract within a certain amount of time, what happens? Is the wholesaler screwed? In other words, what do wholesalers do in this situation?

-Bryan