Question about wholesale leads...

[Brandon Becsi]

I have an interesting question....lets say your interested in a home that someone has under contract and is trying to wholesale it, you like the house but the pricing is still high, I don't mind paying an assignment fee if numbers work out. but with their assignment fee numbers don't work. How long until you might contact owner directly?.....45-60 days? Ask wholesaler if they still have it then its ok? Whats moral process?

[Brendon Brooks]

@Brandon Blackfin

Perhaps you can be frank with the said wholesaler and show him your numbers and he could have room to reduce his wholesale fee to make it a win-win for all.

I personally wouldn't want to try and steal a property out from under a wholesaler. And if he has a contract with earnest money in place than he's got the lock on the property until the contract expires or closes.

You could be patient and if the wholesaler can't get it assigned because he didn't get the right price on the buy for a good wholesale deal, then you could reach out to the owner once that contract expires. Who knows, you may be able to get it for even a better price than what the wholesaler had since he dragged it out.

Just be careful not to burn a bridge with anyone or tarnish your reputation with either party. It's definitely a small world in the wholesaler and REI world.

You could also try pursuing your own off market deals to get even better deals that you know can work for you from the start.

Good luck to you on your journey!