Anyone every wholesale deals on MLS? How that work out?

[Tenisha Walker]

Hey All,

I'm curious anyone ever wholesale a deal on MLS? I'm asking because I ran into a seller and they have the home on MLS however he wants a quick cash deal. The thing is, he said that he will knock off 20K or more with quick cash QC deed. Anyone ever been in this situation before?

[Louis Davis]

@Tenisha Walker I wholesale off of the MLS but I never do a QC deed for any of the deals because I need to make sure title is clear for the end buyer. You can always talk to the agent and let them know you have engaged in negotiations with the seller and want to be sure that title is clear. If the agent is hard to reach, you can contact a title/escrow company and have them run a title report on the property to make sure that it has clear title. In my experience, most people want to do a QC deed because there is something on the title that will impede the sale from going through. Just make sure you do your due-diligence and have your buyer ready.

Good luck, 

Louis