wholesaling question

[Darren Barnett]

I have been lurking and reading posts, just trying to gain some insight into the wholesaling side of things when a question occurred to me. What happens if a wholesaler contacts a seller and gets a home under contract and then can not find an interested buyer? Does the wholesaler get locked into the purchase of the property or is there a clause in the contract to negate the deal? I'm sorry if this has been asked before, I searched and was unable to locate it if it was.

[Aaron Junck]

The big thing you want to be sure to do is get a property at a great price... The closer you pay to retail the harder time you will have selling fast. Be sure to set some contingencies in place such as inspections and or financing. That way you have an exit strategy incase you can line up a buyer fast enough you have an exit.