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.
Real Estate Deal Analysis & Advice
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 almost 9 years ago on . Most recent reply

User Stats

7
Posts
0
Votes
Mel Saffold
  • Syracuse, NY
0
Votes |
7
Posts

Wholsalers. Teaming up.

Mel Saffold
  • Syracuse, NY
Posted
Hey guys, I've got deal this deal in play. Seller has 4duplexes for sale and wants 80k a piece. 320k total. He currently gets 875$ per month for all 8units. Houses are in very condition. I'm very confident I can get this package under contract for 260k. I would need a end buyer and I wanted to team up with another wholesaler and hopefully sell for 285k. The numbers work. Question is.... How much information should I be giving the next wholesaler? I wouldn't want someone to snake my deal. And should I go ahead and make the purchase agreement with the seller to avoid this? I do have a clause stating that I can back out of the deal if I'm not able to assign the contract, but I kinda think that ruins your reputation and I really just want to exhaust all my resources and get the deal done. Any thoughts?

Loading replies...