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Jarell Gillies
  • Real Estate Investor
  • Rialto, CA
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I have hot cash buyer's Properties are complicated to tie up. HELP

Jarell Gillies
  • Real Estate Investor
  • Rialto, CA
Posted Jun 24 2010, 10:00

Hello. Everybody. I have built a list of buyers that are hot! I am a wholesaler. My intent is not to purchase the property, but to assign it to my end buyer. I dont have my own proof of funds or LOI. or earnest money deposit to tie the property up to market it to my end buyer. I do have, however an option agreement. Am I missing a piece to this puzzle? Lets say that I want to campaign a property to my buyers list. Can some one tell me what is going to be my strategy so the end buyer doesn't go around me. Are most investors that have the property under contract direct with the seller willing to use an option agreement from another wholesaler? How does the non-refundable earnest money apply to me directly? Maybe I have the answer's. Just need to be sure.

Thanks

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