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Updated about 12 years ago,

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5,116
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Kyle J.
  • Rental Property Investor
  • Northern, CA
5,170
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5,116
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Is it possible to buy from wholesalers with cash or financing?

Kyle J.
  • Rental Property Investor
  • Northern, CA
Posted

I've been having trouble finding deals lately. I've put in lots of offers (even offering to pay over the asking price and in cash), but there's just so much competition lately and I haven't had much luck.

So, I've decided to start trying to work with wholesalers instead of just competing with everyone else for what's listed on MLS.

My question is this....is there any problem with buying from a wholesaler using financing? I can pay with cash if I have to (which I'm sure is preferred); however, I think my money would go a lot further if I finance some of the properties. I'm just not sure if that would cause any problems (or maybe isn't even the accepted way of doing things) when buying from a wholesaler?

Anyone with experience that can offer any insight?

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