Help with a wholesale deal in Oregon
Hi BP,
I could really use some friendly advice from another wholesaler out there. My situation is this...
I have a house under contract that nets me about 25k and leaves the investor plenty of room at around 46k net after a 30k rehab. It's a solid deal but I don't have a buyers list, sort of stumbled on to this deal, then shopped it around to real estate agents as a pocket listing and offered a 3% BAC.
I have an offer at full price the next day but am running into issues and questions from the real estate agent and buyer as neither of them are familiar with wholesaling. It seems that not one agent in Oregon knows what a wholesale deal is as the wholesaler usually shops their deals to the investors directly and agents are never involved.
The title companies also seem to have little idea of whats going on and told me they would have to disclose my profits even if I used the transactional funding to close then resold to the end buyer.
I feel really close to getting this done, and like it should be easier. I suppose my question revolves around shopping deals to agents and offering BAC. Is this a bad strategy? Does anyone know of a wholesaling friendly title company? I'm using first American title in Corvallis and Albany, I got the referral from a 3yr old forum post here.
Is no one familiar with wholesaling in OREGON, south of Portland?