Wholesaling during COVID-19!

[Robert Nelson]

First off definitely want to wish everyone good health during this tough time.

With the current crisis going on alot of people will look to get ride of their properties to get much needed cash. But my question is are investors looking to buy from a wholesaler during this time also? During this time I feel like finding a cash investor would be tough.

Let me know your thoughts ..

[Lydia R.]

@Josh Loayza Right bow is a risky time for hard money lending in general. Let alone hard money lending to someone that has never flipped before. You will either need a deal that is too good to pass on or to partner with someone more experienced who can either help you fund your deal or help you get funding for your deal. Remember, everything hinges on actually being able to get the property on the market and SOLD to an owner occupant who is 1. Willing to buy a home during this pandemic 2. Has had no income disruption 3. Can get approved by a bank for a loan which I imagine is going to be more difficult now.

If I were you I would take the temperature of the 2 markets you are trying to flip in and get an idea of what is happening in the market before you jump out there on your first flip.