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Updated about 4 years ago on . Most recent reply

User Stats

4
Posts
3
Votes
Ralph Massetti
  • Real Estate Broker
  • AZ, FL & TN
3
Votes |
4
Posts

Need a Wholesale Cash Advance Agreement

Ralph Massetti
  • Real Estate Broker
  • AZ, FL & TN
Posted

Hi BP Members!

I have a Lot in Tucson under contract that we plan to either wholesale or Close for on for our own Portfolio, so there is no chance of a fall-through on this one.

That said, we are giving the Seller a cash advance on the sale in exchange for a longer COE.
Does anyone out there have a modified Promissory Note designed for a cash advance while in Escrow? 

We have searched around with no luck, but we know many wholesalers offer this and were hoping someone in the group had one available.

Can you please share if you do? 

Thanks!

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