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Updated over 5 years ago on . Most recent reply

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401
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Ryan Proffit
  • Saint Joseph, MO
244
Votes |
401
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Find buyer before getting contract?

Ryan Proffit
  • Saint Joseph, MO
Posted

Hello team,

I had a homeowner contact me based on a campaign I ran. He has 5 homes he wants to sell. They are about 45 minutes away in a rural area. I made an offer on two of them. This area is outside of my expertise. Should I work on finding a buyer before I lock them up?

I have the means to close on them, but don’t personally want to hold them since I am unfamiliar with the town they are in. If they were in my town, I would already have had them under contract and sold probably.

This is also my first wholesale deal. I do plan to double close as well.

Thanks.

Most Popular Reply

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6,241
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Aaron K.
  • Specialist
  • Riverside, CA
3,802
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6,241
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Aaron K.
  • Specialist
  • Riverside, CA
Replied

Yes, it is good that you would be willing to close if necessary but without talking to buyers in that area you don't know if you are even buying a property worth wholesaling, for all you know you could be buying at a price that doesn't make sense for the area.

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