Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. 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 on . Most recent reply

User Stats

34
Posts
4
Votes
Moe Williams
  • Pittsburgh, PA
4
Votes |
34
Posts

Should i go about getting a deal this way?

Moe Williams
  • Pittsburgh, PA
Posted

Hey Guys,

I have a question.  I would like to avoid putting a property under contract and having to back out if i cannot find a buyer. I know i may lose some deals , but being a upfront and honest will help my RE business. Do you think i should just come out and let the seller know that i'm not going to be the one buying their property, but i have investor friends that pay cash and might be interested in purchasing your home as soon as possible. This way i can do an option to purchase agreement and start looking for a buyer. Once i find a buyer i could then do a purchase and sell agreement. 

Do you think this will work or should i just put the property under contract and hope to find a buyer?

Most Popular Reply

User Stats

144
Posts
67
Votes
George Maka
  • Irvine, CA
67
Votes |
144
Posts
George Maka
  • Irvine, CA
Replied

@Moe Williams 

If you are that worried about finding a buyer, I would go back to understanding what a deal is in your area. If you have a deal under-contract, but no one is willing to buy it, then it's not really a deal.

To answer your question though, yes, always be honest with the seller. I usually say, either myself or my partner will be buying the property, which is true.

 Thanks,

George

Loading replies...