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Updated over 6 years ago on . Most recent reply

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30
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Yer Xiong
  • Sacramento, CA
7
Votes |
30
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How can I confirm a wholesaler is legit?

Yer Xiong
  • Sacramento, CA
Posted

I have been looking for a good deal for quite some time now and have been talking to a wholesaler in KC, Missouri area. Problem is I saw the original deal from Criagslist and the poster claims to be a wholesaler from the area. The wholesaler also claims to have many deals and had emailed me pictures and info about the property, but no addresses provided. I did mention to the wholesaler that I will be an out of state buyer. 

How can I vet the person to confirm they are legit and not a scammer? 

Thanks all!

Most Popular Reply

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1,423
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1,176
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Dean Letfus
  • Specialist
  • Memphis, TN
1,176
Votes |
1,423
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Dean Letfus
  • Specialist
  • Memphis, TN
Replied

You can never "vet" a wholesaler really, especially one man bands.  All you can do is vet the deal. If you like the deal get it signed up, pay EM to YOUR attorney and then you can find out if he really has the property or not.  It really is irrelevant whether he is a good or bad guy etc. All you want to confirm is whether the deal is good and your attorney can sort that once you have a contract signed.

This is a simple solution I've done it hundreds of times.

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