Joint Ventures: Who the heck has property under contract?

[Nemi W.]

I'm finding the same property marketed by several different wholesalers. When I see one that fits my buyers' criteria, I'll send the details out to them.

Any suggestions from any of you as to how to tactfully go about finding out which wholeasaler ACTUALLY has interest in the property (have it under contract)? I know that one of the ones sending it out has it under contract and that is the one I need to call. I just don't feel comfortable calling around to each WS and asking "do YOU have this property under contract? NO? Ok, bye", or contacting the Realtor (for MLS listings).

The goal, ofcourse, would be to cut out as many middle men as possible; thereby increasing my profit.

Any suggestions greatly appreciated!

[Marc Freislinger]

Whoever is offering it at the lowest price is generally the contract holder.