Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago,

User Stats

5
Posts
1
Votes
Clay Turner
  • South Hill, VA
1
Votes |
5
Posts

New to Wholesale

Clay Turner
  • South Hill, VA
Posted

Hello everyone. I'm new here. I have sold 4 properties through buying, holding until a buyer was found, then selling.  It worked pretty well but I wanted to try wholesaling.  I currently have a property under contract to buy/assign and am trying to find a buyer. It's vacant land. I'm selling for less than half of tax assessment in a pretty nice area. If sold at my asking price I'll make around $5k profit. My question is how do I handle the number one question.....Does it perk? As a wholesaler, am I supposed to perk test it myself (I was trying to pay little to nothing out of pocket on these deals), or do I include a clause in my contract with the seller that allows the buyer to conduct soil test and the deal is contingent upon results. Any help is greatly appreciated. Thanks!!