:biggrin Hello everyone. OK here’s the deal. We have a 3/2 with 1824 sqft. It also has a two car detached garage. We have a buyers list built up but our buyers are needing to ge financing. Can we still do a wholesale deal with the seller and a buyer with us in the middle and with the buyer getting financing? If not, is there a way we can do the wholesale or assign the contract and just let the seller and buyer do the transaction? We also need to build our buyers list so that we can get some of the BIG Fish buyers. Does anyone have any suggestions on building our buyers list so we can get buyers that have large funds to buy properties? We have sold 4 houses now but all of our deals were rehab projects. The deal were working on now-we have it under contract for 47,500 and are trying to sell it for 52,500. the ARV is 95,000 and estimated repairs is 12,000. We need to find some big cash buyers.
place an option on it if it is privately held and finance it with hard money or private loan. if it’s a bank owned deal, you can do a double close using hard money
we live in fort smith Arkansas and we can not find any hard money lenders that will lend in are area. Weve tried looking at the lenders posted to the left but none of those hard money lenders lend in our area. Were also in the process of looking for private investors but with no luck so far. Anybody no of any lenders that lend in our area? :help Were trying to wholesale this deal but cant find a cash buyer with 52,500. Were not sure if we can wholesale a deal using an assignment of contract or a double closing if are endbuyer has to use finacing from a bank or credit union. :flush
When I go to my REI Club there is always someone who stands up during the Deals portion of the event asking if anyone is lending money. Try that approach
I’m in Bentonville AR and I’m having the same challenge of finding someone to do hard money in Arkansas.
I am talking to someone that in SC that is supposed to be getting me connected with a HML. If it works out I will give you their name.