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Updated about 9 years ago on . Most recent reply

Matheo Segovia's profile image
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Matheo Segovia
  • from Roanoke, Texas
  • Member since Feb 24, 2015
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Matheo Segovia's profile image
Matheo Segovia's profile image
Matheo Segovia
  • from Roanoke, Texas
  • Member since Feb 24, 2015
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Matheo Segovia
  • Roanoke, TX
1
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7
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Buying & Selling Real Estate

Wholesaling

Matheo Segovia
  • Roanoke, TX
Posted

A few questions regarding wholesaling, one, what happens if I am not able to find a willing buyer before the contract runs out? Am I able to simply walk away from it and the seller moves on to someone else, or do I have to pay a fee to get a out of the contract in order to not be obligated to buy the house? 

Also, is the money a wholesaler earns through the assignment fee taxed?

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