Property Split Wholesale Deal

[Daniel Nobbs]

I have a seller willing to do a property split and I’m looking to wholesale to a local developer/buyer. How should I structure the deal? My thoughts/action would be as follows:

1. Get the seller under contract.

2. Ask for a 120 day contingency (or more?)

3. Perform my due diligence on the land and zoning.

4. Reach out to local developers, spec home builders, real estate agents...

My questions from the forum would be how to approach the seller?

Should I let him know my intentions of wholesaling the property?

Obviously ask his motivation for wanting to sell.

Before I call him back I’d love some pointers to push this deal through.

Thanks so much!!

[Daniel Nobbs]

@Joe Gonzalez Hey Joe, thanks for the response. As a follow up the property turned out to Not be splittable. Her in San Luis Obispo county properties are split in 5 acres parcels in rural county. This particular piece was just under the acreage at 9.41 acres. Bummer because this gentleman ended up agreeing to a super low prelim offer.