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All Forum Posts by: Magan Battle

Magan Battle has started 1 posts and replied 2 times.

Post: Wholesaling questions!

Magan BattlePosted
  • Birmingham, AL
  • Posts 2
  • Votes 0

Thanks! @Rob Beland I really appreciate your response! So what I'm trying to understand is if I am following Alabama Law and explaining to the seller that I'm a licensed agent, what happens if I find a great deal and can't find a cash buyer to fund it?

Post: Wholesaling questions!

Magan BattlePosted
  • Birmingham, AL
  • Posts 2
  • Votes 0

Hi everyone!

I recently came across Bigger Pockets and I really am thrilled about the idea of a community of investors coming together and sharing ideas! Me and my boyfriend are both attending a real estate course next month to obtain our real estate license. We're almost finished reading the Beginner's Guide to Real Estate, and we are researching and watching as many videos as we can before we actually go and obtain our license so we'll already have prior knowledge to the Real Estate Investing. I recently have been researching wholesaling since most people state that this is a great way to start out. My only question is what happens if I find a deal and I come up with a purchase agreement with the seller and then I am unable to find a cash buyer to finance the transaction. Is the deal then off? How does that work and what do I say to the seller?