Wholesaler properties - dealing with the owner

[Kat Rathell]

We are in the process of purchasing a wholesale property. The price is not bad, but we found out that we are essentially paying 30% to the wholesaler.

When first viewing the property, there was a ‘For Sale By Owner’ sign in front of it.

Is it bad business to contact the owner of a property that is being sold by a wholesaler to inquire about their desired price to be in a position to negotiate with the wholesaler and not end up paying them a huge fee?

I am not speaking about bypassing the wholesaler altogether, after all, they were instrumental in facilitating the deal, but rather obtaining more information to make an informed decision as you purchase.

Please, chime in - whether you are a wholesaler or an investor, I’d love to hear both sides.

Thanks in advance!