Can't find a buyer??

[TJ Cone]

I've never done a deal.  But speaking hypothetically...as a wholesaler, what happens when you find a great deal, get it under contract with a seller, but then aren't able to find an investor buyer to assign it to??  Are you stuck with paying for the property in full?  Are you supposed to have a clause in the contract where you can back out at the last minute if you can't find a buyer and maybe only lose the earnest money?  Any feedback would be greatly appreciated!  Thanks!

[Ned Carey]

Almost all contracts are written so that if you do not perform all you do is lose your earnest money deposit. However this is negotiable and you must read sand understand the specific contract you are signing. 

As long as you have some clue how and where to find buyers, if you find a truly good deal it will sell. If it doesn't sell then you didn't really have a good deal.

Many new wholesalers fool themselves into thinking they have a good deal when they don't.