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Updated about 5 years ago on . Most recent reply
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Wholesale real estate
I need help! This broker I know buys for herself, but uses hard money to do so, would I be able to put a hole under contract & sell it to her?.
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Hard money is simply a professional licensed lender who offers X Loan to value loans secured by real estate and the buyer/borrower can effectively offer quick approved financing to a seller.
Creating a means to wholesale such a deal to your buyer may or may not be possible depending on a number of factors and without some specifics, this answer would be a mile long to go over almost all potentials.
I will say this, in a wholesale transaction, and depending on how it is specifically structured, having a buyer who is NOT all cash and has to get a loan with approval creates a potential problem where the transaction could fail. If it is an all cash buyer, less risk of the transaction going south.