Wholesaling Bueyrs Questions

[Ethan Wofford]

When I hear people talking about their buyers for wholesaling they always say cash buyers. Do the end buyers you assign the contract to have to actually buy it in the full amount with cash or can they take loans out to make the payment?

[Barry Pekin]

@Ethan Wofford,

You want investors who are going to almost always be cash buyers.  As a wholesaler, one of the very important things you offer is to close quickly.  Loans take forever.  Hard money loans are better, but still not as quick as someone who can write a check.  If they have a line of credit, that's as good as cash.  Unless you're wholetaling, you are generally not selling to the public