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Updated almost 4 years ago on .

User Stats

58
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26
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Joey Gorombey
  • New to Real Estate
26
Votes |
58
Posts

Contingency Plan For Foreclosure Wholesaling Deals?

Joey Gorombey
  • New to Real Estate
Posted

Calling all wholesalers! What is your process to ensure that you can close on a property? Are you always prepared to close on it yourself if you cannot find a buyer to do so? Do you generally pay cash for this?

I'm starting wholesaling because I want to help everyone: the seller in a bad spot, the buyer who wants a good deal, and myself-- the broker between the two!

I have been assembling my cash buyers list, and finding deals. Now, I need a way to execute if everything falls through.  The below wholesaling guide on BP mentions https://dealulator.com/. Has anyone used this site for wholesaling, or can confirm it's usefulness?

Wholesaling 101 guide: https://www.biggerpockets.com/...