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Updated over 11 years ago on . Most recent reply

User Stats

44
Posts
3
Votes
Sherrice Baines
  • Wholesaler
  • Chicago, IL
3
Votes |
44
Posts

Multiple Wholesalers On One Deal

Sherrice Baines
  • Wholesaler
  • Chicago, IL
Posted

Good Morning all!

I have a deal that has a total of 3 wholesalers. What is the best way to assure everything goes smoothly? Example: One wholesaler gave me (Also a wholesaler) a property for to market to my investor's list. Thru public advertising, another wholesaler inquired that HE has a buyer interested in the property. I never had this happen before. What's the best way to handle whereas everyone gets paid. Btw, the property is very inexpensive, with a lot of equity and very little work. All three wholesalers are only making a few thousand each, (quantity is the key, not tons of $$ off one deal) which still makes the deal very attractive. But, what kind of paperwork do we utilize to assure everyone gets whats due to them? Also, there's no financing, this is a cash deal.

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