Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Wholesaling
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 10 years ago, 04/03/2014

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.

Loading replies...