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Updated over 3 years ago on . Most recent reply

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Is it Possible to Wholesale an on Market Deal?

Jennifer Quevedo
Posted

Hello All!

I'm new to this community and have a ton of questions regarding wholesaling in RE. 

There is a home by me that I am interested in, it's in a great town and I know that it can produce a great profit for investors. The only problem for me is that it is currently on the market. As a newbie I have no cash to front the deal if I were to wholesale it (being that I have no POF for an all cash offer), but I was wondering if there is another way I could somehow get the deal under contract? or possibly present the location to an investor for a small profit?

I would love and truly appreciate any ideas! 

Thank you for taking your time to read and reply to my post!

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Sean Muldrow
  • Fort Worth, TX
5
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Sean Muldrow
  • Fort Worth, TX
Replied

You can wholesale on market deals, yes. There's a bit more to it since it's on the market and your investor could see the property themselves by searching it but as long as it's a good deal and you found it, it may not matter. You're almost bird dogging the property for them. Regarding getting it under contract, you may have to be upfront with the realtor about what you're doing to an extent but it can certainly be done if you ask the realtor to represent you as the buyer, if your state allows it, it's a good way to get tight with realtors when doing on market deals. 

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