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Category: Need Advice Current Grade: A Total Views: 317 Member Comments: 0 |
Posted on: 07/02/2009 Posted by: agent0 Blog Points: 94 View all blogs >> |
Hello Community.
Well I have good news. So like I said in previous blogs I've been working hard to secure some deals. And I have!!! So far three of my offers were accepted. 1st offer was 2,300 2nd was 4,650 3rd was 3,500. So these offers were accepted now what. I want to wholesale them but I have to close on them first and this is where I'm running into a problem. With no cash how do I obtain these deals. This is where I'm getting confused when talking to other professionals. The say get property so I do, then they say find money(but thats the hard part.) It's been said time and time again "you can do this with no money or credit". So how do I do that. Finding the deals is no problem, I have an agent who is submitting them as I tell her to and so far I got three out of ten accepted in the last week. I don't want to lose my deals, so I need healthy advice on what to do next. I have 48 hours to submit the contract package and earnest money but I don't have earnest money or cash to purchase the deals. All the deals that got accepted have the due dill. done already just ready to begin the closing process. I have exit strategies for the deals and potential buyers, but I still need to close the deals in my name because I can't assign contracts to investors. Can anybody give advice on what I should do?

