It is one heck of a service for the virtual wholesaler.

I think you may be in the wrong subsection as to wholesale you generally do not need financing, hence the beauty of it.I would go up and check out the financing subsections.Needless to say, financing can be one of the most daunting parts of REI, if you can get it straitened out, you have won half the battle.

I am unsure if it is bank owned or not - it doesn't specify, would that make a difference if I try to wholesale it?

I took out 5K for paint and carpet (home is in great condition) and 5K for my fee since I was going to wholesale the property.

Hey Michael,So, the only difference between this system and a normal wholesale transaction is:You buy at a discount (you don't close, you just have a purchase and sale agreement), but instead of assigning the PSA to an investor, you sell the deal at appraised value (market value/retail?)

Also it probably didn't need more than 5K in work max, mainly for outside landscaping, the inside was about perfect.My question is, how many wholesalers out there get calls only to meet with the seller and find out they are looking for full retail price for their home?

No wholesale loan allows for a borrower to transfer title.

Wholesale a few properties for immediate cash and to build up investment reserves.2.

It is hard for me to get motivated to wholesale and work hard at making a buyers list here in Chicago when A) I'm here only for school vocations and B) I might not be in the state next year, 5 years, or my life.

The only parties that need to worry about closing costs are the buyer and the seller.You as a wholesaler are kind of like a middle man.