Who pays the bank?
Hello everyone I have a question about wholesaling real estate. All the reading and googling on how to wholesale real estate still can not find answers. So I got the basics down how you cold call or advertise houses that are going into foreclosure and you tell them you can help them out. You go over there and come up with an agreement price and put it under contract with contingency. Just want to know that dosent someone have to pay the bank? If so who pays the bank back? After you put in under contract I know you contact investor builder etc and you get a 5-10k fee which is awesome but I am still wondering who pays the bank back?