Wholesaler to Wholesaler

[N/A N/A]

If a property owner (whom is an investor) is wholesaling to me, can I turn around and wholsesale it to someone else or is that not good? It doesn't sound right to me.

[Ryan Webber]

I've flipped quite a few houses from other investors. Actually when I was gettting started I hooked up with another wholesaler that was phenomenol at finding deals, including several package deals, but didn't have the capacity to finance them if she couldn't flip them. She had to get rid of them fast, so I would negotiate the price down as best I could with her and buy them all. I was a guaranteed buyer for her, and she provided me a ton of deals. She would assign the contract to me and I would double close as many as I could to other investors. The rest I would buy and sell them off as time went or eventually rehab them.

The key to buying from another investor is to make sure you follow your numbers. Crunch your numbers on a deal and make your decision based on that, not whether its another investor or a homeowner that you are buying it from.