Occupied Wholesale Deals

[Donnell Evans]

I'm an active wholesaler in the Philadelphia area. A problem I'm having is with the properties I get under contract that are occupied. At first it's okay to come by and get pictures and i can say I need a contractor to come take a look at the place  so I need to come back again. After that if the first buyer doesn't want the property I have to start making up so many excuses and the seller gets upset because they don't want to keep disturbing the tenant. Has anyone dealt with this, or any suggestions as to how i can deal with it? I get way more of these properties than any other and I don't want to start walking away from these deals. There has to be some sort of creative solution to make it so I don't have to bother the tenants or owner-occupiers so much.

[David Bokman]

The biggest mistake I see here is that most people dont tell the sellers the real truth about what they intend to do with their house, which is why you keep having to "make up stories" which should never be the case! I tell all of my sellers right from day 1 that I need access to the house and its in my contract, if tenants are in the house than 24 hours notice will be given. I also tell my sellers on day 1 that my intention is to close on the property BUT I also have the right to assign the contract which is the other reason why you need access to the property.  There is no other way around it....you gotta be honest! If your honest in most situations most people will work with you.  Otherwise trying to wholesale properties with living tenants can be one big pain in the *** and not worth the time at all.