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Updated about 8 years ago on . Most recent reply
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Home under contract, then wholesale?
Hey BP Community!
Am I able to make an offer on a home listed on the MLS with a listing agent, place it under contract, then essentially forward that contract over to another investor and take a wholesale commission?
Home listed at: $55k
Accepted offer at $35k
I think it's a tremendous deal, just one that I might not want to tackle myself, but I don't want to lose the advantage of working the buyer down to my accepted offer.
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@Jonathan Safa, There are a lot of logistical and legal issues with what you are suggesting. I'm not an expert on wholesaling, but based on what I've seen here, I would not try to do it. You're now in a position of harming your reputation if you don't follow through on the deal. I have to ask, why did you negotiate a deal you didn't actually want?