How you tell the seller that you a wholesaler

[Glenn Johnson]

I’m trying to be a wholesaler and wanted to know how to communicate to seller that you are without losing the deal..

[Jim Goebel]

@Glenn Johnson

I know this can be a bit touchy.  My general rule of thumb is that transparency is the best way to do business.  Some of your sellers may be turned off by your desire to turn a profit on their asset - however as a buyer of an assignment that a wholesaler was NOT transparent with the seller - I can say he put himself in a 'weird' spot that did not build a lot of goodwill with the seller, or with the closing attorney - and that MAY end up biting him if not now, eventually.

Just lay it out there for them.  Be OK that some people will not be interested - however explain to them what resources you are using that they do not have access to (marketing budget, strong network of buyers/rehabbers, etc)

Jim