@Arin Whedbee I think this is actually a great question and I give you credit for asking a tough question. This forum is supposed to be a place where anyone can ask a question and get helpful feedback. Answers that question your integrity based on the question you asked are not helpful. If you're just starting out you'll have tons of questions. Even after you've been at this for a while you'll still have tons of questions and BP is intended to be a community of people who help and support each other so don't feel bad because you posed this question. I also think the answer is nuanced. Honesty is imperative. Especially in wholesaling as that niche has a less than stellar reputation (even though there are some great wholesalers out there.) So, yes, I would recommend being 100% honest with the person you're buying from. However, the nuance comes in just like @Eric F. suggested. Let them know that you plan to resell or wholesale or flip or whatever if that's what you intend to do but try to keep the response simple because the variety of options can be overwhelming and confusing to the average person who isn't in the investing business. Maybe try something like 'I intend to find a buyer for this house immediately. That's the nature of wholesaling. But if that doesn't work, I have other options. I may keep it as a rental, or flip it.' The simpler your explanation, the better. The important thing is that you don't lock up the property under false pretenses as others have described. That's not fair to the seller or to other investors.
Also, as a parent of 3 boys I just wanted to also give you a big thumbs up for thinking about your future so early. It's truly impressive that you've found your way to BP and are already trying to formulate a plan. That kind of initiative just doesn't exist in many people, especially at such a young age. I have a feeling you'll go far in this business or whatever you decide to pursue.
