Financing versus Cash

4 Replies

Hello BP,

In a wholesale deal, what is the difference between the end buyer using “financing” rather than cash? How does that affect the wholesaler and their deal? 

Wholesalers typically only accept cash or HML.

Most don't have 30+ days to wait for a traditional loan to close.

Originally posted by @Brian Garrett :

Wholesalers typically only accept cash or HML.

Most don't have 30+ days to wait for a traditional loan to close.

Thanks Brian, 

My situation is the owner moved out of the city but still owes 30k on the house and is making payments. (I assume from our conversation she has been and still is paying them so I think she'd have 30 days.) Would this be a wholesalers situation using cash or HML or a route for financing and if it is how do I structure a deal using financing?

When you said "wholesale" it led me to believe you were buying from a wholesaler.

You are buying directly from the seller in this situation so the deal could be structured either way.

Originally posted by @Brian Garrett :

When you said "wholesale" it led me to believe you were buying from a wholesaler.

You are buying directly from the seller in this situation so the deal could be structured either way.

So I could use a standard P&S and assignment?