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Updated almost 10 years ago on . Most recent reply

User Stats

42
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2
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Mark Gingrass
2
Votes |
42
Posts

Get Money Quick

Mark Gingrass
Posted

I have a question.
I came across a property that is for sale. It dropped in price to $17,500.

2 bed 1 bath house currently rented and the renter wants to say. Rent is $350 / month.

Now, lets say i'm interested in this house. I do not have the cash for it up front. At most, I can pull maybe 5K out of credit cards.

Where would I get the cash to pay for something like this QUICK. These wholesale deals tend to be gone so fast.

Don't most wholesale deals require cash on hand?
Should I just go to a bank and get prequalified for a loan first, then when good deals come up, i'll be ready for it?

Any suggestions?

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