New Wholesaler asking me to sign Non Disclosure agreement

[Robert M.]

A wholesaler approached me about a group of properties that I may or may not have interest in purchasing.  I do not know this wholesaler and they approached me but they want me to sign an NDNC agreement prior to releasing the address for me to inspect.

Further, I asked them to send over their NDNC and they dont have and asked me to find one and send to them this morning.  

I am on any buyers list and have properties sent to me everyday to evaluate.  I dont think I have been presented these properties because of the area but, if I have been presented, I wish to remain loyal to first wholesaler and avoid any trouble because I signed a NDNC.

Thoughts or Suggestions?

[Shaun Reilly]

I would point out to the guy that if he wants to have a NDNC agreement signed but doesn't have one to give you why would you think he has done due diligence on the property or actually has control over it.

Never thought about the aspect of maybe someone else would have already sent me the property.  I would pretty much just tell them that you already have seen that lead and send them the info you already had and say that the NDNC was isn't valid.  If that is true or not won't matter since this guy clearly has no idea what he is doing.

I always just sign the stupid things when they send them to me (rare). Of all the horrible "deals" I have had wholesalers send me these are always among the worst. They are also have almost all been crap on the MLS that they found on Zillow. I'd be willing to bet a few bucks that this guy is doing something similar.