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Updated about 5 years ago,

User Stats

27
Posts
7
Votes
Richard L.
  • Flipper/Rehabber
  • Ridgewood, NJ
7
Votes |
27
Posts

Wholesaling, trouble getting deal under contract in NY

Richard L.
  • Flipper/Rehabber
  • Ridgewood, NJ
Posted

Hey guys quick questions. I have a potential wholesale deal at hand here in NY. The seller told me he wants a non-contingent offer, due diligence made prior and does not want an escape clause. Unfortunately, my contract has a three week period where if "my partner does not approve" where I have a spread of 14 business days. Basically the seller does not want any escape clause. So what do you guys suggest? I always have trouble dealing with sellers in NY, but this one made it clear. 

Should I remind him that I am taking all the risk here and that I am paying cash so this is just for me and my team to be protected. And this is how we always did it. Or should I take a NY contract and just ask his lawyer to add that I can assign it, ( I'll tell them so I can assign it to my LLC) and I just need access to the home between now and the closing date.

Any advice from NY wholesalers? Or any wholesaler doing deals in NY?

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