Updated about 9 years ago on . Most recent reply
First opportunity at wholesaling, Help!
Hello,
I recently got a call from someone in the Queens, NY area. He wants to sell his home to a cash buyer at a discount. I am a cash buyer, but the deal isn't for me as the profit is a bit lower than what I typically invest in.
The idea that I have is to place the property under contract, be sure the contract is assignable, find an end buyer (not investor) and assign the contract to them and include my fee in the price, aka wholesale
I have no experience in this, but I feel this would be the best approach given the situation.
Am I on the right track?