Under contract before feeling out buyer interest?

[Greg Larson]

Hi BP,

situation: Ive recently built up a buyers list in my area but am still feeling the majority of them out for specific buying criteria.  Today, my friend just brought me a house that he wants to wholesale to a cash buyer asap.

Questions:

1. Do wholesalers have to have a property under contract in order to gauge their prospective buyers probability of interest in a deal?  (It doesn't seem like there is a huge spread here so I'm not eager to lock it up really, but I do want to help my friend)

2. If I have to put it under contract before even feeling out any potential buyer interest, do you have any advice for that?

3. Any general advice for this type of situation?

Thanks in advance for your help all