Wholesaling On-Market Properties

[Account Closed]

Hi BP Community!

I'm pretty new to BP & Real Estate in general, i've been trying to learn as much as i can over the last 3-4 months and i wanted to ask you guys your thoughts on this. I understand it's generally frowned upon or even illegal (maybe?) in some places. But what is your experience with this if any? If someone were to get a house under contract, and they're able to negotiate the price down to lower than the listing, and the house has potential for renovation and a nice ARV, AND the contract is assignable, wouldn't it still be a good investment/deal for the buyer?

Thanks everyone!

[Ellis San Jose]

Probably the one of the toughest situations to be involved.  Agent & seller have a binding agreement, the agent needs to get paid. You will need cooperation from buyer, seller, agent & you the wholesaler. It can be quite a circus