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Updated over 9 years ago,
Buyer undercutting wholesale opportunity
Hi - new to REI and interested in wholesaling. One question: if I find a good property to wholesale, negotiated the contract with the seller, etc., and I find an investor-buyer, how do I keep that buyer from going to the seller directly and making an offer? In theory, could that buyer just wait out my option period and scoop up the property?
I understand that the more potential buyers, the more remote this possibility is, but has this ever been a problem for anyone? Any other ways to guard against it?
Thanks!
Jeff