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Updated about 10 years ago on . Most recent reply

User Stats

30
Posts
8
Votes
GL L.
  • Investor
  • TX
8
Votes |
30
Posts

How To Prevent Wholesale buyer or Hard Money Lender From "stealing" your Deal

GL L.
  • Investor
  • TX
Posted

I am having to  show Wholesale property to potential buyer or hard money lender, without having contract with seller.  How do I prevent this person getting sellers name and phone # and doing their own deal?    Thanks for the help.

Most Popular Reply

User Stats

99
Posts
42
Votes
Vee K.
  • Rental Property Investor
  • Denver, CO
42
Votes |
99
Posts
Vee K.
  • Rental Property Investor
  • Denver, CO
Replied

@GL L.: You don't have a wholesale deal to show to anyone unless you have it under contract. Without a contract, you only have a good lead. And a lead no matter how good, is worthless. Anyone who is unethical can steal that from you the moment you show that info.

You might want to tie up the transaction with a contract first before you make any move trying to sell it.

VK.

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