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Wholesaling

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Kristopher Gomez
  • Flipper/Rehabber
  • Riverside, CA
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130
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Wholesale advise needed

Kristopher Gomez
  • Flipper/Rehabber
  • Riverside, CA
Posted Jan 14 2017, 17:41

Hi guys I need some quick advise. So I started my marketing campaign a week ago and BOOM just like that I got a property under contract! I'm excited !! Lol. Ok so here's the situation... before it was actually under contract I sent some pics to a cash buyer I know.. he was interested immediately and told me to let him know when I get it locked up. As of today it's under contract so what do I do next?? He wants to come see it next week do plan on trying to do paper work that day? My plan is to assign so do I tell him what I got it at and what kind of assignment fee I want? Assuming he wants the property after he sees it what is the next step and process????? heres the numbers 

ARV 355k the house needs MINIMAL work littlerly just paint and clean up

I got it under contract at 283k 

My buyer is interested at 295k 

Do I assign or should I do double close? I have the money to fund if It if need be? 

Sorry for the rookie questions I littlerly just jumped right into this business and figured I'd figure things out as they happen lol Any advise is much appreciated 

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