Just Staring Out

[Vivian Butler]

Hello,

I am working on getting started with wholesaling and do not mind working with another serious wholesaler of interest.

I connected with an agent on Biggerpockets who claimed to be investor-friendly and knew the wholesale strategies but I think I scared them away when I requested a written agreement to get started.

I do not understand why people in the wholesale industry like to talk about working together instead of working with a written agreement. 

I have shared information with others in the past, trusting their verbal conversation, and ended up with nothing. They took the information and disappeared or claimed they did not use it.

What is your advice for establishing a trusting wholesale working relationship?

[Nathan Gesner]

Quote from @Vivian Butler:

Don't use them. Wholesalers are not legitimate agents, so they're not going to have a contract to sign with you or even know how to fill one out. They work in a very grey area of law and don't know anything about the law. They are in it for an easy buck and will throw you under the bus if it means they can earn some money.