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Updated about 11 years ago on . Most recent reply

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John E.
  • Boston, Ma
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What does this mean when wholesaling to an end buyer w/ Financing?

John E.
  • Boston, Ma
Posted

Hey Guys, I've got a quick question... Well sort of.

I've always thought thought you could only wholesale to an end buyer purchasing with all cash. Well a RE Youtuber recently told me that you can in fact wholesale to an end buyer (possibly retail) with conventional financing. His answer to "How?" was " Release your equitable interest for a fee on the closing statement".

What exactly does this mean when wholesaling/ assigning contracts? Have any of y'all had experience with these sort of wholesale transactions?

Thanks in advance guys! I love what you guys do for newbies like me!

~John Elmenhe

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Bill Gulley#3 Guru, Book, & Course Reviews Contributor
  • Investor, Entrepreneur, Educator
  • Springfield, MO
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Bill Gulley#3 Guru, Book, & Course Reviews Contributor
  • Investor, Entrepreneur, Educator
  • Springfield, MO
Replied

Why don't you link the video.

Yes, a similar question was just answered, it can be arranged by stepping out of the way. Most likely you'll need a clean contract or at least a release and acknowledgement between the seller and buyer. :)

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