Co - wholesale

[Rafael Cortez]

Hello, I've done wholesale, assignment deals and double closings but i have not yet worked on a co-wholesale transaction. My question is, what is the process of selling from a wholesaler? And is there anything in particular I should consider? Thanks!

[Kris Haskins]

wow, this seems to be a hot topic, just did a different person on this..  2 ways we've done this but I do #2 more....

1. Getting a joint venture signed by the 1st wholesaler. I've done this on tons of deals including wholesales, rehabs, lease options etc. etc. Joe is right, attempting to advertis a house u don't have equitable interest in OR own OR if you don't have a license, u may be in for the REI police looking at you in your area, such as they do here. Some peeps are so anal at other's making money in the Tidewater area, they will report you if you try to do so. SO, just watch out.

2. Using a "flex option" or "double option" to buy/sell. This contract is really cool it basically says: Seller has the option to sell to buyer..... and buyer has the option to buy from seller. There is no conflict with the 1st wholesaler since he's still shopping it, and you can still go look for a buyer and your equitable interest is covered. Now, the BP overseers may have word on these docs so let's see what the powers that be say. If this post helps you in any way, please vote for my post. Good luck, ur going to set them on fire......