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Updated over 7 years ago on . Most recent reply
How does working with another wholesaler work?
Hey guys, I'm new to wholesaling, and I had a question about how working with another wholesaler works. Today I was in the records department in my county doing research, and a guy there noticed I was pulling information on properties and asked if I was a wholesaler. And he introduced himself as a fellow wholesaler and we exchanged information. Now I get a text from him about a property he's got under contract and he's asking if I can get him x dollar amount for the deal.
Like I said, I'm new to this, so I have no idea how working with another wholesaler like this would work. I'm open to shopping the contract around to buyers, but I don't have any idea what sort of agreements need to be signed or what steps need to be taken to ensure I get paid. I wouldn't think I could even legally market the property without some sort of contract. Does anyone have any insight to how I should go about this? Is it something even worth pursuing? I'm wholesaling out of Arizona, if that has any bearing on what is required.
I appreciate any help anyone could give me.