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Updated almost 3 years ago on . Most recent reply

User Stats

16
Posts
8
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Jacob Joseph
  • New to Real Estate
  • Metro Detroit, MI
8
Votes |
16
Posts

beginner wholesaling and have a motivated seller but need help

Jacob Joseph
  • New to Real Estate
  • Metro Detroit, MI
Posted

Hello, I am a beginner in wholesaling and have found my first motivated seller I have visited the property and been in contact with the seller and they are definitely wanting to sell for all cash. I am looking for cash buyers and don’t have any that I trust so I posted on all the Facebook groups I am in for wholesaling real estate. The post was me basically me asking Who is a cash buyer and looking to buy in my desired area with where my motivated seller is.

Now this is the tricky part, I had a ton of people reach out to me asking me for the property address and to email them. The only problem is I don’t have the contract yet as I have yet to agree on a price with the seller and one that works so that everybody wins. And I can’t tell if these people want me to send me the address so that they can go behind my back and take it from me like I said I’m a beginner and don’t want to get screwed out of a deal because of my inexperience.

So I’m debating if I should reach out to a couple people and show them the address and just tell them I already have the contract even though I don’t, thoughts?

So if any experienced wholesalers could you please help me or people who have dealt with the situation it would be greatly appreciated, thank you.

  • Jacob Joseph
  • Most Popular Reply

    User Stats

    821
    Posts
    488
    Votes
    Bryant Brislin
    • Developer
    • Irvine, CA
    488
    Votes |
    821
    Posts
    Bryant Brislin
    • Developer
    • Irvine, CA
    Replied

    Go with your guy on whether or not you can trust the person to not screw you.  If they seem like a good person who wouldn't do that, then try to pre-sell it to them so that you know you can actually dispo it before going under contract.  Or you can have them sign some type of NDA.  I don't have a sample of that though.

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