Real Estate Wholesaling Questions & Answers

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Sanders Chapman
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wholesaling with lenders involved is proving to be impossible

Sanders Chapman
Posted Aug 8 2019, 19:43

Hello all. im just going to describe my situation and i hope someone can advise. 

I have a house under contract for 400k. i have a buyer willing to pay 430k. The this will be a primary residence for the buyer and he wanted to use a fanny loan. i have tried to do an assignment but the seller does not want to pay that out of pocket and the lender will not lend on the assignment. i have tried to do a double closing but the bank requires a seasoning period. i am now looking at trying to write in my fee to be paid by the seller in the settlement statement. does anyone have any experience with this? i am thinking of calling it a property management fee. I guess i would have to invoice the seller? has anyone ever taken a fee as a consultant, stager, etc? is there any other tactics i have not thought of? 

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