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Updated over 5 years ago on . Most recent reply

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24
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3
Votes
Erica Gregory
  • Rental Property Investor
  • Baltimore, MD
3
Votes |
24
Posts

Purchasing from a wholesaler

Erica Gregory
  • Rental Property Investor
  • Baltimore, MD
Posted

I’ll be purchasing a home through a wholesaler. Is there room to negotiate? Do I need to have an attorney create a contract? Do I need to create a contract of my own? This is my first deal.

Most Popular Reply

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151
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97
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Kyle Shankin
  • Rental Property Investor
  • Oakland County
97
Votes |
151
Posts
Kyle Shankin
  • Rental Property Investor
  • Oakland County
Replied

Hi @Erica Gregory. There's nothing that says that you can't negotiate with a wholesaler. I'm in the process of closing on a house where I was able to knock a few thousand off the asking price. 

If a wholesaler is experienced, then they'll likely have their own forms and processes. If you haven't reached out to them yet to ask what their requirements are, that would be a good start.

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