Is there a price limit cash buyers have in California?

[Noah Howells]

While living in California I search for the best deals possible in California as a wholesaler. Is there a price limit I should consider for when it comes to it being realistic for someone to be able to buy a house for cash? I only ask because in my are there are a lot of houses that are like 1.5 million and it’s kind of hard Grasping the fact that I can tell someone we will be able to buy their house with cash when it gets to those kinds of numbers. I’m new to it all so I’m not sure which number is truly too much to be offering cash offers for. Thank you

[Mindy Jensen]

Originally posted by @Noah Howells:

@Sue K. What I’m asking pretty much is if it’s realistic for me to go out as a wholesaler and tell them the seller we can buy their property for cash when it’s as high as 1.5 million for example? Or will it be almost impossible to find a cash buyer for that contract? Like I said I’m new to it all so I’m not sure what the chances are of finding a cash buyer within the 30 day contract window for such a high price property. If that was too high what price would you think would be a reasonable max for cash buyers in Cali?

If you don't personally have the cash, then you should not be telling people you can pay cash for their house. Be honest with sellers in your intentions. Tell them you're wholesaling the house upfront. Some people will still work with you but most will not. That's ok, you don't want to work with anyone who isn't aware of what you're doing.