Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Wholesaling
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 5 years ago on . Most recent reply

User Stats

1
Posts
0
Votes
Brett Pogoda
  • Contractor
  • Rochester, NY
0
Votes |
1
Posts

First wholesale deal gone wrong

Brett Pogoda
  • Contractor
  • Rochester, NY
Posted

Hi all,

This past week I just found someone who owns a small commercial property as I got to know him a little better he told me he was willing to part with the property (off market/cash offer) I told him I knew an investor that would most likely take his property off his hands. I helped him clean the place up last night and have plans to meet him and the potential buyer at the property tonight. I sense that the seller wants to squeeze me out of the deal and just deal with my connection himself. How do I make sure I get what is respectfully mine and take the proper legal steps next time so this benefits me on my behalf. Any simple step by step advice would be very helpful.

Sincerely, newbie wholesaler

Most Popular Reply

User Stats

1,963
Posts
2,357
Votes
Darius Ogloza
  • Investor
  • Marin County California
2,357
Votes |
1,963
Posts
Darius Ogloza
  • Investor
  • Marin County California
Replied
You are owed the reasonable value of the services you provided the seller in helping him clean the place up.  This does not give you the right to any real estate but it does provide you with some leverage to try to get the seller to do the right thing.  Next time, get all promises relating to real estate in writing!!!

Loading replies...