Buying Wholesale RE Deals

Rental Property Investor · Kansas City · Member since 2025 · 9 posts · 5 votes

When buying a wholesale deal, can that property be purchased with finance? Like a traditional mortgage. Or do you have to purchase these properties 100% cash?

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Stephen MoralesBusiness Member
Jacksonville, FL · Member since 2025 · 402 posts · 205 votes
1y
@Hudson Brannon

Wholesalers make cash or same as cash offers.

With that being said, the traditional PSA a wholesaler uses will have no financing contingency or appraisal requirement.

If you are to be assigned a contract from a wholesaler, you are expected pay cash and have no financing contingency. If you do not have 100% liquid cash to purchase the property most end buyers use a hard money loan or private money loan to fund the deal for them. Traditional financing is a no-go.
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Daniel Reinagel
Member since 2025 · 8 posts · 0 votes
1y
Hey Hudson,
As Stephen said, wholesalers will take hard money loans as they are as good as cash. I would love to discuss this further with you. I have some referrals for some lenders we use commonly to fund our deals.
Thank you,
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