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Updated over 5 years ago on . Most recent reply

User Stats

66
Posts
45
Votes
Andrew Brewer
  • Developer
  • Austin TX - San Jose, CA
45
Votes |
66
Posts

Wholesaling a property from a broker?

Andrew Brewer
  • Developer
  • Austin TX - San Jose, CA
Posted

I'm wondering if anyone has any advice on wholesaling a property from a broker. 

I have never wholesaled before.

To my knowledge, typically wholesalers hold a contract from the owner of a property and try to sell that contract and have a certain period of time in which to do so. At the moment I am under contract for a commercial property that I got through a listing from a broker. There is nothing wrong with the property, but through my due diligence i've discovered it just isn't exactly what I'm looking for right now. I was thinking of wholesaling the contract to another interested party. I was able to secure the property at a great deal, so even with adding on a wholesaling fee it would still be a solid buy. 

How would I go about structuring this? How do I wholesaling a deal from a brokerage vs a direct-from-owner deal?
I have 30 days left on my due diligence period and then a 30 day financing period after that. 

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