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Updated over 7 years ago on . Most recent reply

User Stats

40
Posts
11
Votes
Erik Romo
  • Investor
  • Taylor, MI
11
Votes |
40
Posts

What if I can't get a buyer after I try to wholesale.

Erik Romo
  • Investor
  • Taylor, MI
Posted
Hello everyone, I'm about to put a property under contract for my first wholesale deal, but I just wanted to know if you ever had a property where you couldn't find a buyer for, if so what is the consequences? Do you just lose the Deposit? Or how did you get out of the situation? I also wanted to ask, how do you schedule the showing for potential investors without the seller trying to make a deal with them directly. Do you ask for keys before closing? Or do you just meet at the home with the seller? Thanks in advance

Most Popular Reply

User Stats

78
Posts
32
Votes
Bara Nwokoma
  • Wholesaler
  • Dallas, TX
32
Votes |
78
Posts
Bara Nwokoma
  • Wholesaler
  • Dallas, TX
Replied

@Erik Romo

When I Wholesale a property that is occupied... I let the seller know... you can't be here. I schedule one showing for my buyers. At this showing, whoever gives me the best offer, I assign the contract over to them and collect the earnest money deposit.  

Having multiple showings with an occupied property is a headache. 

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