Most of the big land wholesalers whole-tale the deals, meaning they actually buy/close on the land (using their own money or other people's money) and then list on the MLS to sell, because it is very difficult to find buyers without widely marketing it. 

Did you pursue it and close any deals?

I've been involved in a lawsuit that settled right at a million dollars, and that was over 20 years ago.

Purchase price: $480,000 Cash invested: $75,000 Purchased as a single family home with a basement and a seperate entrence.

Why not go buy a new one and not mess with the potential tax issues for you and transfers etc? 

Or…Are they saying they have a buyer and they’ll charge 6% total?

Diving into real estate investing is an exciting journey, and this community is a fantastic resource for learning and networking.

And that's if everything goes according to plan.

So minimal impact to credit during the rehab process.It appraised for $173k after rehab, refinanced and paid everyone off including the seller, and walked with cash to do my next deal :)

@Tanya Maslach What was the asking the price and what was your original offer?