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Wholesaling

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Evan Stamps
  • Investor
  • San Diego, CA
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Another buyer offering Cash Advance??

Evan Stamps
  • Investor
  • San Diego, CA
Posted Sep 24 2021, 10:12

Hi BP - needing advice. I'm trying to lock up my first wholesale contract and competiing with another buyer who is offering a Cash Advance of $10k to the seller. Reason is the seller is wanting to buy a vehicle before closing so they can be ready to move. How can I compete with a cash advance offer? Also, would like to better understand how the cash advance process would work - this seems risky.

Thanks!

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