Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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 Landlording & Rental Properties
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 7 years ago,

User Stats

57
Posts
33
Votes
Luke Mitchell
  • Contractor
  • Albany, GA
33
Votes |
57
Posts

End Buyer in Wholesale Deals

Luke Mitchell
  • Contractor
  • Albany, GA
Posted
Hey guys! So I'm looking to do my first wholesale deal and one question I had about the closing. I'm going to be primarily focused on double closings for my deals to stay out of trouble and not have any issues with the title companies. My question pertains to my end buyer. Let's say I get 2k non refundable deposit as part of my end profit with the deal from my end buyer. But then, for some reason, they don't show at closing and I'm stuck with the property and title. Is this unrealistic to assume could happen due to the amount they put down? Has anyone ever had this happen? I don't see how I can put any clause in any documents to prevent this due to it being a double closing and neither (A) original seller or (C) end buyer would know about each other. Some advice would be great! Thanks!

Loading replies...