The Silent Majority of Wholesalers Want to Know This!

[Everett Schulte]

Now, of course, any savvy agent will have buyers looking for investment properties (Flippers and Landlords), and these agents will be glad to be cut into the deal. 

BUT, lets assume that you get a house under purchase agreement, and it's a turn key property. No repairs, no rehab necessary... You just happened to get the house below market value with a spread. You post on zillow, CL, etc. and an agent reaches out to you with an interested buyer. The consensus being that you need a buyer able to fund the deal with all cash, and it seems that landlords out there would be interested, but none of them bite. Instead, you have Mr. Smith, under advisement of his agent, who totally wants to buy your new property, and the agent makes an offer. You speak with the agent, and the buyer doesn't have full cash to fund the deal immediately. Mr. Smith also has no line of credit to pull from. What type of financing options are out there for Mr. Smith to buy this property, if any?

I can imagine the floodgates opening for many wholesalers (and everyone involved) to work with agents and their average Joes and Mr. Smiths who aren't investors. That's only if the deal is possible to close!!

[Greg Dickerson]

@Everett Schulte The options would be private lender, owner finance, lease option or subject to. The buyer will need some sort of down payment to pay the assignment fee and you will have to pay the agent a commission from your fee or the agent will need to get compensation from the buyer.