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Updated about 7 years ago,
Just did my first whole sale deal need advice on closing
I just completed my first wholesale deal with a guy with whom I met and It feels so off from which he's doing things. He's busy and so am I so we usually text. He's agreed to coach me so to speak with three deals split in half. I brought a package of 5 worked the seller to 23k. Originally said we'd get 5 a piece. Seller went up on price and he told me go up he still had a buyer. We nailed a contact with two weeks. It's now a month later and things are just getting done. Whenever I'd ask how close are we to closing he'd beat around the bush and I never got a real answer. My seller started flipping out because we went a week over closing and I couldn't give a full answer since my mentor didn't give me one. He finally comes out and says first buyer didn't want to buy because of the price increase. But the whole time he kept assuring me that they were ready. Now it's time to get paid and I want advice because he wants to have everything wired to his account. I'm on the original contract seller myself and him. I didn't sign the other contract with the buyer; however I confirmed with seller that closing had been done. In my understanding I would get my own personal check from the closing company and he would his. He also says it's because it's good company on the contract as to why.One last thing is we have a signed contract for the three deals we do but I'm not feeling comfortable in working with him no longer since I was left in the dark for so long and huge lack of letting me know how things where processing on his side. He also told me that instead of the 2.5k it would be shaved off about 300 because of something or another. And I told him fine i just need the check and prefer to have it instead of waiting on it to get to his account or however it would work. Is this a normal thing or should I call title Co and find out if he's trying to get one over