Wholesailing - Buyer Needs Bank Loan
This question is about a buyer who needs a bank loan.
For example, after I've got a wholesale property under contract with the seller and on the other hand, I got a serious buyer who needs a bank loan to complete the deal.
If the given period on the contract is 30 days, and after spending time neg with buyers and seller, maybe I'm left with 10 days, what if I ran out of time waiting for the buyer to get his bank loan approved?
Any advise?
Thanks.