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Updated almost 7 years ago on . Most recent reply

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Mark Russell
  • Fredericksburg, TX
36
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first wholesale deal

Mark Russell
  • Fredericksburg, TX
Posted

I am interested in flipping and my mentor told me to go and find a deal and I did, but I have talked to 3 different hml sources and can't seem to get financed because I don't have any money to put down right now. I don't want to just throw this deal away so someone mentioned wholesaling. I have a potential cash buyer so I have a contract here that is not yet signed. I am concerned that my contingencies have to be pretty solid if my buyer can't come through to purchase. How do the contingencies look to you???

This contract is subject to partners approval

This contract is assignable

Buyers obligation to purchase is contingent upon buyers inspection and approval of condition of property

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Jason D.
  • Rental Property Investor
  • St. Petersburg, Fl
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Jason D.
  • Rental Property Investor
  • St. Petersburg, Fl
Replied

@John Thedford reading what @Mark Russell wrote, he did intend to purchase and attempted to get financing through HML. Calm down there big guy....

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