Im here in Fredericksburg Tx and Ive just gotten my very 1st offer accepted. I do not have it under contract yet. Ive been talking with lenders and Im not sure Im going to be able to get the money to fix and flip. So I may have to wholesale this. Im not sure how the wholesaling process work so do I first get it under a standard texas contract and then get an assignment contract to wholesale to a cash buyer? How does this work??
I have the exact same question, but in PA. I'm under contract for a property. I was the high bidder by $5,000. Now that I have had my contractors come through the house I think the deal is too lean for me with the hard money rates I will have to pay. I think it's still a good deal for a cash buyer. Is there any way I can make this work to my benefit as a wholesaler or do I have to just walk away? I hope the original poster doesn't mind me piggy backing!
Why can't you get money for the flip? If it's because the numbers are too thin, you're likely going to need to assign to buy/hold. I like the Fredericksburg area so hit me up if you want to discuss further. Perhaps there's a way to work together on it.
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