Wholesaling

[AK Fowler]

I need a little advice but more importantly need to be advised.

I spoke with a seller of a MU property over the phone. They would like to sell the property as they are no longer capable of managing the property. I negotiated a price but they aren't comfortable signing a contract. They are aware that I am wholesaling this deal and they respect my strategy. What is a good way to secure this deal under contract, before I market the deal? I have assured the seller that they can continue to market their property as I will market the deal.  I am new to investing so any advice is greatly appreciated.

Thank You,

Kevin and Amy

[Nadia White]

Not to mention, @AK Fowler, that negotiating a fee with your buyer can be misconstrued as a realtor fee and that is illegal in most, if not all states.

You cannot market a property in which you have no equitable interest, if you are not a realtor. 

I agree with @Lucas P., I also leave the whosaler part out of the conversation. At least in the beginning. It's one thing to be honest and transparent (which of course you have to be), but it's another to jeopardize your contracts by talking the people out of it.