I am the buyer period, that's how I do it if the property is vacant. I list in the addendum in plain English "Buyer has the right to assign this contract". I let them read over my addendum and its one of the top bullets, I dont try to hide it, and 99% of the time they never say anything about it so I just move forward with the contract. One of the most well respected real estate attorneys here in the Dallas area instructed me to do it like this. You have the right, by law, with a standard purchase and sales contract to assign the contract. Price your offers to SELL and you won't have this issue to begin with (learn your markets how to price out ARV and rehab)
Situations where you ABSOLUTELY MUST DISCLOSE the whole process would be in instances such as short sale, an owner occupied home (these people are moving and depending on money to be in their bank account, or anything else time sensitive. Never ever, EVER string them along and then back out of a contract if they are going to be left in a bad situation. Only present yourself as the buyer if you are willing to step in and close on the house yourself cash if your assignee falls through.
If the potential deal is more marginal and I am not certain it will sell, then I am upfront with the seller and explain the process to them and the majority of the time they don't take issue with it.
If you want to disclose every single time no matter what, I highly advice you don't pitch yourself as a middleman. I come behind new wholesalers all the time that explain the process to the seller but position themselves as a middle man. Don't do that. If you are actually good at wholesaling you are actually bringing value to the transaction. Given their time and circumstances you will do a better job as a professional being able to determine value, find an end buyer, and close the transaction in a fast amount of time than they would.
The "truth about wholesaling thread" is ok. Mostly abunch of people that never wholesale trying to tell others how to wholesale. I think newbies would do better by reading posts by Tim G. and others on this forum that do this on a full time basis.
Originally posted by @Duncan Taylor:
