I am learning about wholesaling and I have a couple of questions.

[Shaun Reed]

So it seems as though some of the controversy with wholesaling is in the contracts and assigning the contract. I am really new at this and learning the ropes. What if you had excellent relationships with buyers and instead of doing the assigning contract thing, you just had a verbal agreement with the buyer that you get a certain percentage of the property price? Seems like 10% or so of what I have read so far. So I would find a deal. Negotiate the price with seller. Tell the seller that I have a buyer that is interested in your house. Buyer buys house for negotiated price. And I get a check from buyer for 10% of price.