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Updated almost 9 years ago,

User Stats

26
Posts
5
Votes
Matthew Fleming
  • Investor
  • Philadelphia, PA
5
Votes |
26
Posts

My First Wholesale Deal And I Need Help!!!

Matthew Fleming
  • Investor
  • Philadelphia, PA
Posted

Hello everyone,

I have a house under an agreement of sale contract for $33,000. I was going to purchase it but now I have a buyer for the property for $35,000. The original contract is an agreement of sale and not an assignment contract. I want to take the additional $2,000 and split it with the seller (Owner gets $34,000 and I get $1,000). My buyer is ready to purchase the property, but I don't have a wholesale contract with the seller. What is the best strategy from here? Thanks in advance!

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