"AS-IS" Clause Means diddly

[Account Closed]

I'm sharing an experience with other wholesalers as information which I was ignorant to prior.

The AS-IS clause in a Contact really doesn't protect you as the principal buyer, any good attorney can rip right through it and find a way to get to you which was my experience.  (This is not legal advice I'm only sharing an experience that I had and do not take it as such.)

I scrambled to find an end-buyer and did not vet the end buyer that I located that I assigned to and just wanted to close the deal which I regretted doing after the fact and wish I canceled it and gave my EMD to the seller of record as a token of time wasted.

I strongly encourage meeting end buyer in person as well to create a relationship so you can feel out your customer and they can do the same to avoid problems down the road. 

If any wholesalers would like to learn about my experience I'd be happy to share  my experience I feel others can learn from and avoid.  

Thanks!

Michael 

[Freddy Evangelista]

So I'm assuming you assigned the contract essentially without getting a non-refundable deposit from your end buyer to at least cover you for the EMD you put down.