Wholesale Partnership Issues

[Jon Mann]

My friend got me into wholesaling. He had been trying to get a deal for about a year or so. I come in to start learning and helping. Keep in mind he had no business established and never closed anything. But I was grateful he had shown me the possibilities of this. When I came in I was always doing research and brought in a Sms system to text sellers and found a buyer software. The sms platform reach an interested seller, and we found a buyer using the buyer software. We closed our first deal. Now closed a second. My friend is treating me like he owns the entire business since he had the idea for so long, which I get. But He wants to give me 8 percent equity and not even a percentage of the deals. Wants me to be commission only with 5 other guys who he’s bringing in. I had no problem with not being the main owner but this is ridiculous. We now have a huge opportunity where my friend found an established wholesale who has a lot of buyers in every state and is Gonna Jv with us for a lot of deals in the next few months. I am gonna die inside watching my friend take all the money using the system I put in place

I am a close friend and grew up with him and I want to stick around ( we are both 20 yrs old). We will see massive amounts of money coming this next year. However I’m worried I will stay hoping for more ownership but will never get it. What do I do? Having thoughts of leaving and have everything I need to do so, however don’t have that connection with mass amounts of buyers and if possible want to salvage this with my friend/ biz partner

Bottom line I know it is a bad partnership but I will be missing out on large amounts of money short term and a friendship if I leave

Thoughts guys? Lol thx

[Joel Hutchinson]

Hi Jon Mann,

In my opinion, finding great deals is more important that any buyers list. If you find great deals, you shouldn't have any difficulty finding buyers.