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Forums » Wholesaling » Using Option Contract to Purchase

Using Option Contract to Purchase Subscribe to Using Option Contract to Purchase

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Ro Williams

Loss Mitigation Specialist · Florida


Forum_avatar_avatar-frtnmkr

Mar 07 '09, 05:26 AM

I am looking at purchasing a wholesale and then finding a retail buyer. It is a rental so they will have cash flow.
It is wholesaling for $45,000, renting for $600, AV $60-70K.
Can I use the Option Contract to purchase and then do a simultaneous close to do a "no money down" deal. Are there any problems with this deal?

Edited: 06/26/2010 at 07:30AM


Joseph Sullivan

Real Estate Investor · pottstown, Pennsylvania


Forum_avatar_avatar-sully

Mar 09 '09, 07:39 AM

Ummm, You have me a Little Lost, What do you mean by "Purchasing a Wholesale?"

The property is "Wholesaling for $45,000?" WHAT!!??

AV? You mean, ARV?

Edited: 06/26/2010 at 07:31AM


Ian W


Forum_avatar_avatar-xburbx

Mar 14 '09, 10:30 PM

Does the property need work? If it needs work, this is not a deal.

Edited: 06/26/2010 at 07:35AM




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