District of Columbia, WA · Member since 2016 · 45 posts · 7 votes
Hi!
Has anyone ever wholesaled a property through a substitute of purchase aka power of attorney?
Let me clarify, I am a wholesaler and an investor called me saying he has properties he bought at auction, put a deposit, and now wants to sell. He says he has the power of attorney but i am not familiar how all that works. I am familiar with the traditional seller to wholesaler to buyer transaction but have never dealt with a situation like this. Can someone give me a basic understanding how that works? How do I buy? How do I sell? Can this still be done as an assignment? Sorry if my post is not clear, please let me know and I'll try to provide additional information.