Wholesalers Not giving address of property

[David Mohrmann]

I have had a handful of wholesalers reach out to me, send me somewhat detailed synopses of properties, yet don’t disclose the actual address? Is this a frequently used tactic? If the wholesaler has it under contract, why would he not release the address?

[Dave Passey]

@David Mohrmann

There are a lot of investors that will go to the property and tell the home owner that they will pay a little higher price if they will get out of the contract with the wholesaler. It's super shady, and if you are an honest person (like we are) then you never see it coming and lose a good deal. 

We now only let our "qualified" buyers know the address so that they have to have specific information provided and verified by us. If anything shady ever happens with them and the buyer, then we blacklist them from our properties and notify all other wholesalers that we know and work with at times about that person. We will never send them a deal ever again.