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Wholesaling

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Tiara Murray
  • Investor
  • Detroit, MI
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296
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Can it really be this simple?

Tiara Murray
  • Investor
  • Detroit, MI
Posted Oct 1 2009, 18:29

I am about to start my wholesaling journey. I've looked for hard money loans but so far do not really qualify yet. Then it hit me: what about transactional funds? I am aware of dozens of transactional lenders who don't require credit checks or personal documentation. All I have to have is an end buyer, which in this case would be another investor. Is it really as simple as A B C

A. Find the property
B. Make an Offer
1. Put house under contract
2. Find end buyer
C. Close

It just seems too good to be true. I mean here I am two full years into my independent real estate studies and transactional funding totally slipped my mind. Is this kind of funding a good idea for people who don't qualify for Hard Money?

Ciao

Tiara :mrgreen:

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