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Updated over 11 years ago on . Most recent reply

User Stats

66
Posts
7
Votes
Michael Rivera
  • Property Manager
  • Brooklyn, NY
7
Votes |
66
Posts

Wholesale Contract Help! (please)

Michael Rivera
  • Property Manager
  • Brooklyn, NY
Posted

Hello BP family I recently signed a contract with a private investor which consisted of me finding off market properties. As well as the owner to see if they'd like to sell. He told me he wants mainly pre-foreclosures and I'll be getting 10k each home.

Now here is where the problem lies he say I have to wait 6-12 months to get paid! I've never heard of a wholesaler or bird-dog getting paid so late. Is this normal and worth wild or am I being ripped off for my services?

All help is greatly appreciated, Thank You.

Most Popular Reply

User Stats

144
Posts
78
Votes
Buddy LaRue
  • Involved In Real Estate
  • Palm Springs, CA
78
Votes |
144
Posts
Buddy LaRue
  • Involved In Real Estate
  • Palm Springs, CA
Replied

Sounds to me like this guy is saying "Hello, SUCKER".

I wouldn't do it for him unless I was getting paid at closing time.

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