How do i ensure that i pick an ethical wholesaler

[Meshael Eady]

Besides me giving them my criteria and seeing if they can produce, how do i choose a wholesaler to work with? What signs do i look for, what questions do i ask?

[Patrick Daniel]

Are you part of a REIA? Normally tapping into your network of fellow investors will help you get an idea of who is legit or not.

Know what questions to ask. Ask to see the contract between themselves and the originating seller, even if it is a double close.

Make sure if there is any EMD, that it is made to a title company/escrow account and not directly to the wholesaler.

Go over closing costs and exactly what will be paid. On my last deal, I had a wholesaler try to slip in their closing costs for a double close in a very fishy way. It almost made the deal fall through the day of closing, but I was able argue and use the contract that I signed to make sure it got taken off. Saved me nearly $3k.

Reach out if you have any more questions!