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Buying & Selling Real Estate

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Ryan Billingsley
  • Investor/Realtor
  • Wentzville, MO
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846
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Wholesale to a primary resident with a bank loan.

Ryan Billingsley
  • Investor/Realtor
  • Wentzville, MO
Posted May 21 2015, 16:33

We have a property under contract and we are marketing it to buyers.  We have a interested buyer who plans to live in the house and get a conventional mortgage from a bank.  As a wholesale deal for us, is it possible to do a double close with the end buyer having leverage instead of being a cash buyer?  All our wholesale deals have consisted of cash buyers so this would be the first time for us.  I am curious if anyone has been in this situation before.

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