Wholesale purchase with cash or finance through bank loans?

1 Reply

I am new to RE

I am looking into flipping for my early real estate journey.  I don't have the time right now to search for a "deal" on my own.  With this, i was thinking of going with a wholesaler.  

How can I find a good FAIR wholesaler (in state or out of state)....and GENERALLY....If i buy from a wholesaler, do I need to purchase all cash? or can i finance the property by using a bank to purchase the deal from the wholesaler?

Any thoughts, other strategies?

Thanks all

Just trying to help here... if you don't have the time to find a deal yourself, what makes you think you'll have the time to deal with a contractor and the issues that come up when flipping a home? I would seriously consider the time commitment of flipping before jumping in....

That being said, it's a free market and a deal that a wholesaler will bring you will either make sense/not make sense for you. I have seen wholesalers make $1 million on a fee. Is that fair? Sure, it was a unique property, my client had a deal, and 4x the investment in 18 months. I typically see wholesalers make 5-15k a property. As you know, it takes time and energy to find deals and ultimately put them together

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