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Updated about 18 years ago on . Most recent reply

User Stats

480
Posts
26
Votes
Anthony Sulecki
  • Real Estate Investor
  • Millsboro, DE
26
Votes |
480
Posts

Hypothetical Wholesaling Question

Anthony Sulecki
  • Real Estate Investor
  • Millsboro, DE
Posted

So there is this guy who is new to wholesaling. He is using a contract option so as not to have to actually put each new deal under contract, so he can simply look for buyers, and back out in 30 days if one doesnt buy. If/when one does, he actually puts in under.

The question is, how should this guy handle the passing of info on the deal to the potential buyer? What if the potential buyer rides by the place, talks to the owner, and the owner says, "No its not under contract, please come in."

The guy just got cut out of the deal, and is mad.

Thanks
Anthony

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