Wholesale without a contract

[Eliu Rosario]

Hi BP family, 

New to Wholeselling here.  I have two properties that I am presenting to an investor, however, I don't have a contract on the place yet.  Investor seems trustworthy, would it be safe to present the properties without a contract?  What is the normal charging fee for wholesale properties?

Thanks

[Kyle J.]

If you don’t have the properties under contract, what exactly are you presenting to the investor? If you’re just telling them an address, there’s not much value in that, in my opinion. 

[Eliu Rosario]

Originally posted by @Kyle J.:

If you don’t have the properties under contract, what exactly are you presenting to the investor? If you’re just telling them an address, there’s not much value in that, in my opinion. 

I am not exactly giving them the address.   I actually did the leg work of viewing the properties, took videos, pictures of exterior and exterior to have an estimate of rehab.  I also did research of comp and rental potential.  

I should have been more detailed. I used the brrr calculator to also present ROI and Cap %.