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Updated about 8 years ago on . Most recent reply

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John Brown
  • Los Angeles, CA
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Buyer mad at wholesaler profit?

John Brown
  • Los Angeles, CA
Posted

I want to start wholesaling houses and I think some buyers would have a problem with me making money from them buying the house. They would most likely just want to cut me out as the middle man and buy straight from the seller once I've shown them the property. Is it possible for me to hide how much money I'm making on the sale?

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Jeff Filali
  • Rental Property Investor
  • Broken Arrow, OK
1,140
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Jeff Filali
  • Rental Property Investor
  • Broken Arrow, OK
Replied

I buy a lot of properties and some are through Wholesalers.  I don't care how much they make if I want the property at the price we agreed upon, but if you're worried, you can do a "double close".  I know a lot of Wholesalers say they do a double close if they're making more then $5,000.  If you do a double close, the end buyer will not know what you made.  Good luck!!

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