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Updated 5 months ago on . Most recent reply

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Patrice Blain
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How do you protect yourself when wholesaling

Patrice Blain
Posted

Hey there, I'm avidly reading about wholesaling in Canada and I was wondering what are the mechanism in place to protect yourself as a the wholesaler if the buyer doesn't come through or if the deal falls off. How do you protect yourself from having the responsibility to buy the house you were "representing"?

Thanks! 

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before even finding a buyer, I’m pretty sure first you have to find a good title group or real estate attorney that will do your paper work and contracts, and provide you with insurance if something happens later on. 
I’m new to this field didn’t make my first deal yet, but reading a lot about wholesaling. 
I might be wrong. 

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