Wholesaling a property which I originally planned to flip myself.

[Renee Tepper]

I started flipping homes last year and have become good at it. Here is my current situation. I have found more homes than I can afford. I have never wholesaled before and want to wholesale one of these. 

(1) I am afraid of signing a P&S and then not finding a buyer, although I am in discussions with 2 potentials.

(2) The seller (executor of his father's estate) is selling it to me, knowing that I am going to flip it. But I never mentioned anything about assigning it to someone else.  I'm concerned he will feel I'm 'pulling one over on him,' since most laymen have never heard of wholesaling. 

(3) And what if I don't find a buyer. Then he will feel I wasted his time.  

(4) Plus, just to confuse matters - I am a newer Realtor and, of course, do not want to do anything unethical. Any help on any of these concerns would be greatly appreciated.

[Robert Rayford]

All money is not good money! You have to go at a pace you can keep up with. You should explain to the seller the same way you are putting it here on BP and give the seller a opportunity to make the decision if he should have you find a buyer for the deal.