Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Wholesaling
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 5 years ago, 01/01/2020

Account Closed
  • Digital Marketing Strategist
  • Chandler, AZ
7
Votes |
9
Posts

Wholesale a Wholesale?

Account Closed
  • Digital Marketing Strategist
  • Chandler, AZ
Posted

Hello all! Hoping you guys can help. I am super noob when it comes to REI so please forgive my ignorance to this. Here is the deal: There are 4 actors---the motivated seller, wholesaler A, wholesaler b (me), and my cash buyer.

I was on craigslist and found a single family home that needs a rehab. I called the guy (wholesaler A) who informed that he already had the property under contact and he was looking for a buyer. So he is a wholesaler looking for a buyer to buy the property but doesn't know how to get buyers. I am very new to this and do not have the confidence yet to rehab. I did however do my due diligence and amassed at least 5-7 buyers for when I begin wholesaling. My question to you all is: (A) Can I wholesale the wholesale to my buyer? and if so (B) how would I go about it? would my buyer be paying both me and the other wholsaler? is there more paperwork involved then just the purchase & sign agreement and the assignment of contract? Has anyone been in this situation before? Please inform me as this will of course determine what I do next? 

Thank you. 

Loading replies...