OfflineI ran across a property that a man wishes to sell and he wants cash and he doesnt want any wholesalers and he wants to move this home asap.Since the pace is fast Iam asking you all how would I go about locking up this property so I can bring in another buyer to assign it or if my money investors who loan me money act fast enough we can fix and flip, I want to tie it up so I can finish the deal any thoughts, things move fast at times in this business, thanks, Jim
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jbischoff
Every seller wants to move their home ASAP.
How does he even know what a wholesaler is, and that you are not able to buy the property yourself?
How much is he trying to get for the house compared to fair market value? Does he want full market value (FMV)?
Rick Allison, Realtor
Amarillo, Texas USA
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Well, you can't do anything without that contract. You should decide first what you are doing with it. Are you wholesaling it or are you doing a fix n flip?
If you're wholesaling it, after you have it under contract you can bring your "business partner" to see the property. After all, they are partnering with you to get the property. If you don't want him to know you're wholesaling, then do a double close.
If you're buying it to fix n flip, what kind of lender are you using? Hard money lenders or private money lenders can usually act pretty fast. They're almost as fast as cash.