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Updated over 8 years ago,
Wholsalers. Teaming up.
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?