Have A Lucrative Pocket Listing- Now What?

[Ryan Zweng]

Hey guys,  I have a client through my realtor business that has a property in the Hollywood Hills; he wants $1.6 for it, the house next door just sold for $3.1.  There is a little flood damage, but with a relatively small amount of capital an investor could really profit off this deal.  My question is:  Do I need to tie this up under contract before I shop it to other investors as a wholesale deal?  Is it safe to give the address out to other would-be buyers, or do I have to keep everything secret until my client signs it over to me on paper?  Not sure how to proceed here...  Cheers.