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Updated over 15 years ago on . Most recent reply

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N.A N.A.
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  • Member since Jun 13, 2008
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N.A N.A.
  • Real Estate Investor
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Wholesaling

What is flash cash?

N.A N.A.
  • Real Estate Investor
Posted

Can you tell me what a flash cash is and how you get around the REO's rules on wholesaling?

"If its really a good deal, wholesale it. Yeah, its trickier with REOs, but you can do a double close or do flash cash or find a partner or something."

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Jon Holdman
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  • Mercer Island, WA
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Jon Holdman
  • Rental Property Investor
  • Mercer Island, WA
ModeratorReplied

Flash cash is money you borrow for one day to do a double closing. You use it to buy the house, then immediately pay it back from the proceeds of your sales transaction.

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