Updated over 8 years ago on . Most recent reply
Wholesaling Process- A little confused need help!
Hello BP
My name is Marcello, Im new to REI and have a question about wholesaling. Say you have a deal lined up and the seller is asking for $100k, you get the house under a purchase agreement with your name along with "assigns the contract to" for 80K. And sell your contract to a flipper for 90K. When its all said and done you will walk away with a profit of 10K. My question is do I need to have that 80K?
Need as much advice as possible!!!!