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Joel Owens
Agent
Pro Member
  • Real Estate Broker
  • Canton, GA
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Is anyone out there buying with cash and then reselling right away??

Joel Owens
Agent
Pro Member
  • Real Estate Broker
  • Canton, GA
ModeratorPosted Nov 27 2014, 20:22

Was curious if anyone was buying cash and closing and then reselling to another cash buyer who wants to rehab and flip or hold for a rental etc.

My commercial real estate business keeps me very busy with clients but I do see deals that I can take down with cash and probably resale and make a quick 10k to 15k. The end purchaser I would only sell to  a cash buyer with proof of funds in their bank account. No hard money, no conditions, they buy as-is, no double close, simultaneous etc.

Keep it clean and simple and do velocity. Not interested in turn key and offering property management and all of that. Just  a pure buy and resell.

Just looking for something with little pops in between my commercial closings. Looked at buying a Steak N Shake, other businesses etc. but it's just too time consuming etc. 

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