Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Wholesaling
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 6 years ago on . Most recent reply

User Stats

30
Posts
7
Votes
Yer Xiong
  • Sacramento, CA
7
Votes |
30
Posts

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

User Stats

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

Loading replies...