AMA - High Pressure Wholesale Transaction

Published: May 11, 2022, 5:49 a.m.

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Today\\u2019s show is another AMA episode (Ask Me Anything). Today's question comes from John who asks:

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I have an acquaintance who has a land assembly under contract that has development potential. The assembly consists of two properties on a main street with close proximity to a river. The property will need to be rezoned and I\\u2019m being told that the property will sell to a backup offer with someone else unless the current contract is completed. The timeline for waiving the conditions on the existing contract is too short to complete my due diligence. The property is in an amazing location and I\\u2019m scared to let this one go. At the current price, I think the property is a good deal. What are your thoughts on buying from the wholesaler?

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Host: Victor Menasce

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email: podcast@victorjm.com

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