Wholesaling Residential Properties Through Assignment

When not rehabbing we are usually wholesaling residential properties.  It usually involves locating a deep discount deal that has enough difference between what we’ll pay to buy/control it while allowing a buyer some profit in the middle. Our value in this type of deal is purely in our ability to locate and lock up properties.  These are properties most people can’t find or do not want to spend the time and effort to find.

To that end, investors and sellers turn to Goldfarb Capital for seamless transactions and deal flow.  Be they opportunistic or tragic in nature, we try to avoid the rigors of institutional underwriting.  Which is often a deal killer.  We also view today’s seller as a tomorrow’s buyer who will likely turn to us again for simplicity.

Upsides of Wholesaling Residential Properties

  • Seller is able to offload the property quickly without spending a single day on market.
  • The buyer is offered the home at an acceptable price for their needs.
  • Your profit pretty good, after your closing and other costs on your purchase and after the transaction lender takes their fees.
  • You risk only your earnest money, and that’s if the buyer does not come through.
  • If the deal doesn’t go through you don’t own a home that you have to sell.
  • No waiting for 45-60 days to close on the transaction.
  • Accessing a network of cash buyers for the property.
  • A seller in distress avoids foreclosure.

The process begins by marketing the deal through our powerful social media network.  This includes classifieds, social mentions, bandit signs, snail mail, and door-to-door.  Many deals come from distressed owners who find wholesaling residential properties as the easiest fix to their problem.  If the property meets our specifications, we begin tapping into our buyers network within a number of hours.  Ultimately, the idea is to leave enough money in the deal for it to be a win-win for all parties.

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