Wholesale a wholesale property

[Michael Smith]

Hello BP Fam,

Suggestions on wholesaling a property that is already under contract by another wholesaler. Or is it better to do a back to back close?

Thanks you all for your response in advance

[Seth Myers]

I've done deals with other wholesalers, but always letting them know beforehand. You never want to wholesale a property that is already under contract by someone else. This is where the industry gets a bad name. This is called Daisy chaining and you should always avoid it. If you want to help the other wholesaler set up a Joint Venture Partnership and split the fee 50/50 or add your fee. Whatever works out for both you and the other wholesaler.