Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 8 years ago on . Most recent reply

User Stats

317
Posts
72
Votes
Paul Winka
  • Rental Property Investor
  • St Louis, MO
72
Votes |
317
Posts

Finding a buyer for a wholesaler & getting paid.

Paul Winka
  • Rental Property Investor
  • St Louis, MO
Posted

Need some help...

A wholesaler is selling a property for which the price is set at $19K--that wholesaler has the property under contract with the seller. I do not want to buy the property myself, but I know somebody that does. This prospective buyer is willing to pay more, $23K, leaving $4K for me. 

What is my role in this situation? Am I "wholesaling the wholesaler" or a "middleman", an "upmarketer" or what is this practice called? Is what I want to considered legal? Since I am a deal enabler, how can I legally get paid without p***ing anyone off and do it all above board? What should I do? I really would like to earn my first $$ enabling a deal but I am not sure what to do. Thanks. 

Loading replies...