How honest should a wholesaler be?

[Arin Whedbee]

It's been awhile since I posted, but after doing lots of research and reading many post there's been a question that I can't seem to find the answer to. How honest should a wholesaler be to the seller? Should they tell them that they plan on wholesaling the property? Do they say something along the lines of "I don't know what I'm going to do with the property yet"? Any advice would be greatly appreciated. 

-Arin

[Eric F.]

@John Thedford He is trying to learn and do the right thing or else he would not ask the question here. We don't need posters insulting new investors who are trying to learn the right way to do things. He did not ask how to lie to the seller (although I am sure you will interpret it this way), he is asking how much information he should give to answer a question. When a seller asks "what do you plan to do with the property" the answer is very open ended and can be confusing. I have signed deals where I have no idea what I actually am going to do with it. I just knew it is a deal that I am going to close. The 100% honest answer is "well, first I'm going to see if some of the guys I regularly deal with want to buy it off me as is, but if not I might fix it up and sell it on the MLS, or maybe I will cash out refi and rent, but I could do a lease option or perhaps seller financed...." the seller is lost, which means he/she is done for which means I am done for. They have no clue what I am talking about even though that is the real 100% honest answer. It is much better to just reassure them the deal will close and they will get their money, which is also honest and true.